The quickest way to a millennial employee’s heart may be through his dog or cat or pet iguana.
In the scramble for talented employees, more employers are offering pet insurance along with dental or eye care as a perk to attract prospects. This is especially important to millennials who are putting off having children and doting on their pets, says Figo, a pet insurance provider based in Chicago.
This latest insurance add-on can cover a range of animals from traditional cats and dogs to horses, birds and turtles.
Pet insurance is currently one of the fastest-growing nontraditional employee benefits, with one in three Fortune 500 companies now offering it, says Consumer Reports. Some companies pay part of the cost while others cover 100 percent of the insurance cost, although the employee could still be responsible for co-pays or deductibles. Some employers offer pet insurance from more than one company.