There are a lot of stereotypes about millennials in the job market.

They’re lazy. They’re entitled. They job hop instead of waiting for their loyalty to pay off at one company.

But, with millennials taking over 75% of the Australian workforce by 2025, it’s essential for employers to understand their key motivators.

Spoiler: It’s not all about the money.

In fact, 50 per cent of millennials would take a pay cut for a job that aligns with their values and career aspirations, according to a Deloitte study.

So instead of trying to outprice your competition to retain top talent, we’ve put together a benefits checklist to ensure a maximum retention rate for your business.