A common complaint among millennials is that the companies they might want to work for don’t value the same things. While millennials value things like the flexibility that allows them to prioritize their families over sheer workplace success, many companies seem to want a commitment to the job to come first.
After all, much of the modern job market and company infrastructure was built by baby boomers who came out of the World War II era. Baby boomers tended to have different values and priorities than millennials and were more focused on only workplace success. Let’s look at some of the best companies for millennials looking for a new job and what makes these companies suited to this particular age group according to Forbes.
25. Discover Financial Services
Discover Financial Services is aligned with two incredibly strong values among millennials. These values are giving back to the community and education. Fewer than 50% of millennials believe that companies conduct business ethically and that paints a bad outlook as a result. And over 80% believe that a company’s success should be measured by more than its bottom line.
Discover Financial Services has a program that encourages employees to volunteer in their communities with organizations like Big Brothers and Big Sisters of America. On the education side, Discover provides qualified employees to earn an online bachelor’s degree at the company’s expense, making this nearly as important as workplace success for some.
This company is a global security organization that grew out of manufacturing ships and airplanes. It has responded to the desires of job-seeking millennials and the millennials currently employed there by adopting socially conscious programs.
Northrup Grumman’s social impact includes services for veterans and current military service members. The company supports STEM programs in schools that are struggling. It promotes initiatives designed to help the environment. This social consciousness particularly appeals to millennials. Why? they believe almost as a whole that a company’s value should be determined by more than its financial success.
One reason millennials have developed a reputation for job-hopping is that they want a job that allows them to grow, not only through company promotions but also as individuals. When millennials no longer feel that they are learning and growing, when this age group becomes bored by repetitive tasks instead of pursuing goals that they believe in, they start looking for new jobs.
Healthcare giant Kaiser Permanente has responded to millennials’ needs by having employees develop Individual Development Plans. The company also actively promotes the development of leadership skills and mentoring. Additionally, Kaiser Permanente has turned its focus to social consciousness by investing in programs that reduce homelessness.
Southwest is the largest low-budget airline in the United States and has received criticism for paying wages that are lower than the industry average. Nevertheless, Southwest has other practices that appeal to millennials and their almost universal desire to travel as much as they can.
Southwest Airlines has a program that allows its employees to travel to destinations at company expense. Southwest was also the first airline in the United States to implement a profit-sharing plan with its employees, thereby creating a new workplace dynamic. This business model helps make up for the lower-than-average wages that employees receive while giving them a personal stake in the company.
Like Southwest Airlines, Delta appeals to millennials as an employer because it has a program that allows employees to travel to all of its destinations on the house. Millennials love traveling to new places, and getting to enjoy this hobby on the company’s dime is a perk that attracts them.
But if you’re a millennial looking for a job and love to travel, don’t apply to Southwest or Delta just yet. The 2020 crisis left airplanes around the world grounded, and as a result, airline companies have been crippled. They’re bouncing back in 2022. We can’t know what Southwest and Delta will look like on the other side of this, but expect to see significant changes.
Pfizer is a pharmaceutical company that manufactures and distributes many of the medications that people take for both acute and chronic illnesses. As an employer, Pfizer is appealing to millennials, not only because of its role in the research and development of life-saving therapies.
As previously mentioned, millennials want jobs that support both personal and professional growth. Pfizer has career-development opportunities that appeal to this crowd of workers. These opportunities include short-term assignments and job rotations, so employees have the chance to find a niche where they can excel.
Millennials love tech devices, so we should not be surprised that Apple is often one of their favorite companies to work for due to that fact. Apple is the quintessential tech company, having remade itself from an archaic image of outdated desktops in underfunded school computer labs that millennials used in the 1990s. Its release of the iPod, iPhone, and iPad has made its gadgetry a favorite among tech-savvy millennials because of their love for tech.
As an employer, Apple has worked to make itself appealing to this particular crowd. Apple has some of the best employee benefits of any company; its newest innovation in employee benefits is an in-house healthcare program. Apple has healthcare professionals on its payroll to care for its employees.
Capital One, the financial services giant, recognizes that if its employees are continually growing and improving, then it does not need to recruit new talent always. Moreover, this mindset is 100% compatible with the millennial workforce, whose members want to be challenged so that they can continually grow and improve.
People who have worked for capital one have raved about how its employment practices encourage people to experiment and innovate to create the best products on the market and become the best that they can be. The company values a growth mindset and curiosity, two things that millennials also love.
Millennials value many things that cost much money: things like traveling, going vegan, and having the latest and greatest tech. Furthermore, since many entered the job market during the financial collapse of 2008, they started their adult lives with the understanding that nothing is guaranteed.
Dow Chemical Company tops the list of favorable companies to work for regarding its employee compensation. Sure, millennials value things other than money, but some do prioritize having a healthy paycheck. After all, going vegan is not cheap, and you need money to give money to charities.
Ernst and Young LLP, better known as EY, is a professional services network. The company has consistently scored high in the past few years for industry-leading practices in inclusion and diversity. And capitalizing on the things that make us unique, rather than turning out assembly-line workers, is something that millennials can stand up for.
EY aims to intentionally promote workers in underrepresented groups, including LGBTQ individuals, women, and racial minorities. Promoting underrepresented individuals into leadership positions helps shape a dynamic work environment that fosters better communication, engagement, and retention.
Landing a tech job with a company like Apple, Microsoft, or Facebook is seen as the golden egg for many millennials. One reason is that they get to help create the tech and gadgets they love and transform the global village. Another reason is that tech companies have excellent employee benefits that are tailor-made for the millennial workforce.
Millennials highly value volunteering and giving back to the community, and Microsoft has taken notice. The company has a matching program for charitable donations that employees make, up to $15, 000 per employee. This program keeps the company’s philanthropy in sync with the priorities of its workforce.
Baby boomers and GenXers may have been content to work for a company that allows them to show up, do their job, go home, and get paid. Not millennials. They prioritize a company’s work culture and the real relationships that they can build with their coworkers. This reason is why the prestigious Mayo Clinic is such an appealing workplace for them.
People who have worked at the Mayo Clinic have noted that employees are demonstrably proud to have the opportunity to work there. The workplace environment is a healthy one where employees know that they contribute to a better society.
Like EY, Deloitte is a professional services network. Moreover, like EY, it has employment practices that intentionally took to hire and promote individuals from underrepresented groups. One of these underrepresented groups that Deloitte has excelled at including is young mothers.
With the economy that millennials inherited, combined with their love of expensive tech products, millennial couples have a hard time living on a single income as a result. When children enter the picture, they need a workplace that provides the flexibility they need to prioritize their families. Deloitte has done just that, with one of the best maternity programs of any employer.
Not all companies on this list appeal to all millennials. While there are general characteristics that broadly apply to this group, millennials are individuals with their personalities, goals, values, and career aspirations.
Northwestern Mutual appeals to millennial workers who are not seeking a large salary; rather, they prioritize a thriving and healthy work culture. This age group wants a work-life balance that allows them to spend time with families. It also provides time to pursue their interests.
Job Seekers are often advised to stay away from insurance companies because they base employee compensation on commission rather than a salary. On the other hand, Progressive is an exception, as the insurance giant has one of the best bonuses for the entire industry.
Progressive employees can get something that mainly went the way of the dinosaur with the 2008 financial crisis: a yearly bonus based on employee performance. This model also plays into another value of millennials, personal, and professional growth. Despite the company’s attractive compensation, some of its millennial workers have complained that the hours are too long and they don’t have enough time for their personal lives.
This media and entertainment giant has probably provided your daily news and favorite sitcom at some point. It is a favorite place for millennials to work. Millennials believe that a company’s ethics are essential; many millennials believe that company ethics are more important than financial success.
Despite some high-profile scandals associated with the “Me, Too” movement, millennial workers see NBC as an ethical employer. Additionally, the company offers its employees the flexibility that millennials crave. And let’s face it, many millennials love the idea of working in New York City and routinely rubbing shoulders with celebrities.
Upwork is a platform that connects freelance workers with people and companies that need a job done. The growth of the freelance and gig economy was exceptional, coming out of the 2008 financial crisis when millennials began entering the job market. In a way, freelancing is part of the DNA of the millennial workforce.
As such, Upwork was made for millennials. Those who use the platform can work on the go and gain new clients by building their profiles. However, the site charges fees to its freelancers – 20% of their earnings and a fee to apply for each project.
Amgen is a biopharmaceutical company located in one of the suburbs of Los Angeles, a hotspot for the millennial workforce. The company appeals to millennials on several levels because it has aligned its employment practices with their values. Amgen offers opportunities for career development and healthy work culture for millennials who value personal and professional growth.
Amgen has a competitive base salary and opportunities for bonuses; this idea is nice for those who need to make student loan payments each month and have money left over for the next iPhone. Furthermore, being in a suburb of a thriving city means that millennials can get the best of both worlds; they can enjoy a family-friendly neighborhood next to the fast lane of Los Angeles.
Intuit is a financial services company that develops a lot of the software used by banks and other companies. If you have ever filed taxes or applied for a student loan program, you have probably used Intuit software. Furthermore, if you are a millennial, you very likely have student loans that you are paying. Also, you have a lot of experience with them in the past.
This company is an attractive employer for millennials because of its competitive benefits; that includes one that seems designed specifically for millennials. They get paid time off to volunteer in the community. Millennials can give back while earning enough to pay student loans and eat as much avocado toast as they want.
A more cynical person might suggest that the credit card giant appeals to millennials because they notoriously carry debt from student loans. And the suspicious person would not be entirely wrong. Despite being better educated, millennials do take much more debt than any other generation due to student loans. Moreover, they have to find a way to pay it off, meaning that a high-paying job sometimes is as important as one that is personally fulfilling.
American Express has a generous compensation package, which many millennials need to pay off their student loans. Additionally, the company recognizes the importance of maintaining a work-life balance, which appeals mainly to millennials.
Millennials grew up with the self-esteem movement, and the adults in their early lives showered them with praise and recognition. They got trophies and medals when they came in the last place, lest their feelings are hurt, and their self-esteem ruined. Unsurprisingly, millennials carried a need for recognition in the workplace. And Cisco recognized this.
The company has built its workplace culture around recognizing employees; this notion includes a program in which employees can recognize each other with bonuses of up to $2000. Employees also get their birthdays off, a perk that millennials appreciate. After all, who wants to go to work on their birthday?
Millennials love companies that practice social consciousness by giving back to the community, and Raytheon is one of those companies. Based in Waltham, Massachusetts, Raytheon specializes in aerospace and defense and works a lot with the United States military. Many millennials had parents serve in the military, going into Iraq and Afghanistan, while they were in school, so they have a lot of respect for the armed forces.
The company’s givebacks include a $10 million pledge to help military families. However, Raytheon has not navigated the 2020 crisis well and recently was dropped from the Dow Index. If you are a millennial looking for a job, you may want to hold off on applying to Raytheon until there is a better picture of how it will fare on the other side of the crisis.
As a tech company, Intel has to contend with giants Apple, Microsoft, and HP, to name just a few. To attract potential employees and retain them so that they don’t run off to one of the other tech companies, Intel has benefits designed to meet the needs of mothers with young children.
By prioritizing working mothers and placing them in positions of leadership, Intel has managed to create a dynamic work environment as a result. It can meet its employees’ needs – including underrepresented minorities. This company can adjust to the continually evolving world of tech. The environment appeals to millennials, who want to experience themselves as contributing to a company; otherwise, they are just performing tasks to get a paycheck.
General Motors was the quintessential employer for baby boomers. They could graduate high school, start working in a factory, earn enough money to buy a home, and then retire comfortably. Everything changed with the financial crisis of 2008, especially when the country’s largest automakers began to go under. The kind of stability that baby boomers experienced has proven problematic for millennials to come by.
Yet millennials, the children of baby boomers who are now the largest group in today’s workforce, are also finding General Motors reliable. The company has been around since their grandparents were born; it also still has a generous compensation package. With the push to build more cars that run on solar power rather than fossil fuels, expect to see more millennials getting involved with the automotive industry.
Automatic Data Processing, better known as ADP, provides services and software for human resources. It may sound like a boring company to work for, and millennials would somewhat be more challenged than bored. However, keep in mind that many millennials got college degrees in the liberal arts; these degrees don’t necessarily provide any job skills and don’t help them much when they are looking for jobs. However, they graduated with a lot of debt. Sometimes, a tedious job is okay.
What makes ADP appealing is its inclusive business practices. It prioritizes people with disabilities, military veterans, and women-all people who are notoriously underrepresented. By creating a work culture that works for individuals in these groups, ADP has become attractive to millennial workers.