PayScale’s “Gen Y on the Job” report reveals Millennials’ best job and employer options, favorite cities, top job skills, common degrees and more.
The best companies for Gen Y are all technology companies, according to PayScale’s “Gen Y on the Job” report. The top five – ranked on Gen Y pay, percentage of Gen Y employees, Gen Y job satisfaction, Gen Y job stress, meaningfulness of work for Gen Y workers, Gen Y work schedule flexibility and green score – are (1) Qualcomm, (2) Google, (3) Medtronic, (4) Intel, and (5) Microsoft. All of them, except for Medtronic, were on this year’s Fortune Magazine “Best Companies to Work For” list. Last year, Medtronic was listed at number 23 for the “100 Best Places to Work in IT” by Computerworld. Clearly, all five of these companies have already received recognition for their efforts.
Qualcomm, a mobile-telecom company, focuses on innovation and diversity with its workforce and has employee perks such as work-out facilities, an on-site farmers market and casual dress. There are also swimming pools, a sauna, free soda and even a mobile spa service during lunch time, according to a company blog. All of these perks align perfectly to what Gen Y is looking for in a company – freedom, flexibility and fun (the three F’s).
Google, the company that activates our lives, is not only a great place for Gen Y, but it was named to the top slot in the Fortune list. Google receives thousands of resumes each day. Although Google is a massive company with thousands of employees, there are startup groups within the larger brand. Employees can act like entrepreneurs in a constantly changing environment that breeds innovation, risk and big payoffs. The perks at Google simply can’t be beat. Employees can spend 20 percent of their time on projects outside of their job descriptions, receive free food, have a bowling alley at their main campus, and dry cleaning, according to the benefits page on their company website.
Medtronic, a Minneapolis-based medical device company, focuses on employee development more than most. They support their employees’ careers, allow them to create talent profiles like internal resumes and they have a formal mentoring program, according to a ComputerWorld story. Gen Y is all about mentoring, learning and growing as part of a team so it’s no wonder why this company ranks so high.
Intel, known for building computer chips, actually forces employees to move around, instead of remaining stagnant. They either switch to different roles in the same office or to an office in another city, according to a CNNMoney story. Employees move every 18 to 24 months on average. This works well for Gen Y because they are known for job hopping. Intel’s internal recruiting program allows Gen Y to explore new business functions and learn new skills.
Microsoft, develops a wide range of products and services in the tech world, and is all about innovation. Years ago, they were the first major company to invest in Facebook. Gen Y is attracted to Microsoft because the salaries are high, there’s an organic spa at the Redmond campus, free membership to one of the largest gym’s in America, a “Microsoft Prime Card” for discounts at online retailers and various restaurants, and more, according to the blog “Get a Job at Microsoft.”
Keep the discussion on Gen Y going on Twitter using hashtag #GenY.
Dan Schawbel is the founder of Millennial Branding, a Gen-Y research and consulting firms. He is a Gen-Y career and workplace expert, as well as the bestselling author of Me 2.0: 4 Steps to Building Your Future.
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(photo credit: flickr/Teo)