The vast majority of today's younger workers feel that receiving work-related benefits would increase their loyalty to the organisation they work for, according to research by BrightHR.
The 'It pays to play' study, which surveyed 2,023 people, found that 79 per cent of millennial respondents reported that their loyalty to their organisation would be vastly improved if they were to receive more benefits.
Currently, 45 per cent of workers aged between 16 and 25 receive workplace rewards and benefits, as well as their pay, compared to just 22 per cent of respondents aged between 55 and 60.
The report found that 80 per cent of 16 to 25-year-olds rated workplace perks as being either very or moderately important, while 29 per cent of 45 to 55-year-olds were far more interested in financial bonuses than benefits.
Paul Tooth, the co-founder and chief executive officer at BrightHR, said: “The findings show that bosses in the UK have their work cut out making sure they have a team of fulfilled individuals, when the different generations have such contrasting motivations.
"When it comes to rewarding a multi-generational team, a bespoke approach is best. Businesses should offer employees a choice of rewards. Allowing teams to choose personalised rewards shows that their management are listening to their needs.”