In a new survey conducted by Georgetown University in collaboration with Bank of America, significant findings have emerged concerning workplace benefits and their impact on young adults, particularly within the Black community.
The Young Adults and Workplace Wellness Survey explored the perspectives of more than 1,000 participants, comprised of Gen Z and younger millennials (ages 24-35), as they navigate the return to office environments. Notably, 65% of young adults emphasized the importance of paid time off as a top employer benefit, while a flexible work schedule also emerged as a significant factor influencing job choices.
The survey highlights disparities in benefit participation rates, with 61% of white young adults participating in employer-offered retirement plans, compared to 46% of Black young adults. 62% of white young adults participated in employer-offered health insurance plans, compared to only 53% of Black young adults.
The survey also revealed that 73% of young adults expressed the desire for portable benefits they can take with them if they switch jobs.
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