Three free meals a day and unlimited snacks. On-site health clinics and complimentary personal fitness classes. Game rooms and nap pods. While definitely not the norm, these are the types of workplace amenities that routinely get mentioned in profiles of great places to work.
As a result, employers today are constantly challenged to enhance their workplace environment in order to both create better work-life balance for their employees and also keep up with the competition. After all, the more options a company can provide to maintain happy and healthy employees, the more productive and loyal those employees will likely be.
Yet the most sought-after on-the-job benefits of the future may not be limited to ergonomic massage chairs and complimentary lattes. Longevity is changing the way we live and is sure to have a profound impact on the way we work as well.
Focus on flexibility
According to the Stanford Center on Longevity, Americans are now living 30 years longer than we did a century ago. This increase in life span is already having an effect on the way that many people view how they live their lives, including their careers and what they expect from their working years. People are beginning to realize that they don't need to save those extra years for the sole purpose of tacking them on to their retirement. Instead, many now see the opportunity to use that extra time throughout their life, not just at the end of it.
Younger workers are leading this charge, with nearly 7 in 10 millennials saying in the recent Allianz Life Gift of Time study that they would prefer to "explore, experiment and travel" before retirement and follow a different path in terms of how they learn, work, partner and raise families. In addition, when asked to design their ideal longer life, more than half of millennials said they would prefer a more nontraditional path, unique to their interests, where they might work, take breaks, volunteer and try different things — and in no set order.
Why should employers care about this trend?
Flexibility in the workplace is becoming more desirable. Management should be keen to support millennial employees by encouraging regular conversations about career paths, opportunities for new assignments, and if possible, even discussions about how the company can support alternative life goals.
Because millennials tend to have a different view of the traditional school-work-retirement paradigm, it's important that employers recognize changing attitudes and take steps to offer younger workers new options that might allow for more experimentation on the path to retirement. Although millennials frequently cite the opportunity to get regular pay raises as a reason for job loyalty, it may actually be benefits like job flexibility that keep them around.