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Joe Jaspers, CFP®
Vice President, Wealth Management
Carolinas Telco Capital Advisors
Located at Carolinas Telco FCU
9813 South Blvd, Suite 101
Charlotte, NC 28273
Phone: 704-391-5600
Toll Free: 800-622-5305, ext. 2608
Fax: 704-556-1652
Email: joe.jaspers@lpl.com
May/June 2021
Make Your Workplace Benefits Millennial-friendly
Attracting millennials to your company may require more than a competitive salary and a run-of-the-mill benefits package. For millennial employees, a healthy work-life balance can be just as important as a healthy income.
Financial wellness programs, education savings plans and generous family leave policies can attract and retain talented workers. Consider what millennial employees value most as you review the benefits your company plans to offer.
Number One: Health Insurance
Offering a comprehensive health-care plan that reduces out-of-pocket costs will appeal to the millennials in your company and potentially attract new employees.Paid Time Off
For millennials, time off is an important benefit. A paid leave policy that appeals to millennials typically might include maternity leave, paternity leave, caregiver leave, extended bereavement leave and short-term disability benefits.Student Loan Forgiveness
According to several studies, two thirds of young adults have student loan debt. Employers who offer a pathway to reducing or eliminating employees' education loans may have an edge when it comes to hiring and retaining millennials.Flexible Work Schedule
Having the ability to work remotely is important to many millennial employees, and companies that don't offer this option may be at a disadvantage.Retirement Plan Match
Financial security is a top concern for millennials. Companies that match contributions to a 401(k) or other retirement plan demonstrate their concern for employees' financial well-being. By starting to make contributions to a retirement plan early in their careers, millennials may potentially benefit from many years of compounding growth. Businesses that are looking to attract and hire talented young workers would do well to reevaluate their company's culture, too.CONTACT US
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Carolinas Telco FCU and Carolinas Telco Capital Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Carolinas Telco Capital Advisors, and may also be employees of Carolinas Telco FCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Carolinas Telco FCU or Carolinas Telco Capital Advisors. Securities and insurance offered through LPL or its affiliates are:
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