Health Insurance, Paid Time Off and student loan forgiveness Top List of Millennials Desired Workplace Benefits: AICPA Survey. More American Institute of Certified Public Accountants Press Release . Distribute Press Release. Submit press release to 40+ free press release websites ;
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Asked to name their highest priority benefits for a new job, more than half of millennials/older Gen Z members in a new survey ranked health insurance. to student loan forgiveness and just $35 to a.
Benefit News publicized “new research from the American Institute of CPAs, which asked 2,000 millennials which benefits would help them achieve financial goals [and learned that] health insurance , paid time off , and student loan forgiveness (41%) topped the list of most desired employee benefits.
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Health insurance, paid time off and student loan repayment aid-in that order-were the top three benefits. understand the value of the benefits being offered to them," Anton observed. Survey results.
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For instance, they would prefer to allocate $61 toward the student debt and $39 toward health insurance, the AICPA found. The allocation was similar for paid time off and for tuition reimbursement. The 401(k) employer contribution also took a backseat here. New graduates would rather direct $65 toward loan repayment and only $35 toward the match.
· These were followed by paid time off (33%), a pension (31%) and flexible working hours (21%). But there were some significant differences when broken down by generation. One of the most striking was the desire to have a pension. More than half of Baby Boomers (54%) prioritized including it in their top three, while only 16% of Millennials did so.
Nearly two-thirds of young adult job seekers have student loan debt, with an average of $33,332. Millennials with loan debt value more help with repayment over all other employee benefits. AICPA.
· They would assign $65 to student loan forgiveness and just $35 to a company 401(k) match. Paid time off and working remotely also figured higher on the priority list.
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Paid time off, a 401(k) match and help with paying off student loans are nice work perks, but the majority of new college grads say health insurance is the best employee benefit, a recent survey..
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Millennials Put Student Loan Forgiveness Near the Top of Desired Benefits. to choose the top three benefits that would most help them achieve their financial goals, their top two choices were.