Black Workplace Insights: Benefits and Gen Z

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FILE - In this Friday, May 21, 2021 file photo, a customer walks behind a sign at a Nordstrom store seeking employees, in Coral Gables, Fla. Health insurance, paid vacation and retirement tools should be the baseline, not the bar, for employer-provided benefits. Employees want benefits that meet their needs, not the needs of previous generations. Benefits that reflect the times include tuition and student loan assistance, remote work, inclusive health and leave plans, and mental health resource. (AP Photo/Marta Lavandier, File)
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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.


Click play to listen to the AURN News report from Jamie Jackson:

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