Many Hispanic Adult Millennial workers are employed in retail, sales, food, and construction—fields that they don’t generally see as ideal. They’re working mostly for the money now, but hope to advance into areas like technology, healthcare, education, and creative industries. So when it comes to benefits, what are their current situations offering?
As part of its recently released 2014 study, “Hispanic Adult Millennials at Work and Play,” Tr3s asked Hispanics ages 19 to 34 about what employer-sponsored benefits they’re receiving. Here are key insights:
Just under half of employed Hispanic Adult Millennials have paid sick leave. They are slightly less likely than non-Hispanics to have employer-sponsored sick days (47% of Hispanics 19-34, 51% non-Hispanics). Among both Hispanics and non-Hispanics, the 30-34 age group is much more likely to have this benefit than 19-29s – probably because they’re much more likely to have full-time jobs. Among those with paid sick leave, 30-34s have more days than 19-29s.
4 in 10 Hispanics have medical insurance that’s at least partly paid for by their employer. Again, this benefit is heavily weighted toward the 30-34 age range (49% of Hispanic 30-34s have employer-sponsored medical insurance, 34% of 19-29s).
Nearly 1 in 4 Hispanics say they’ve had their hours cut to disqualify them from receiving health benefits. They’re significantly more likely to have had this experience than non-Hispanic Millennials (23% Hispanics 19-34, 14% non-Hispanics). Among Hispanics 19-34, males are being hit harder by this phenomenon than females. Of those whose hours were reduced, Hispanics tend to say it’s because their company isn’t performing well financially. Non-Hispanics are more likely to blame the Affordable Care Act.
Two-thirds of Hispanics believe it’s hard to find a full-time job because employers want to avoid providing health benefits. Hispanic Adult Millennials are more likely to hold this belief than non-Hispanics (65% Hispanics 19-34, 55% non-Hispanics). But even though full-time work is preferable, a job’s a job: 3 out of 4 Hispanics 19-34 would be willing to accept a part-time job without health benefits.
A benefit gender gap exists among Hispanic and non-Hispanic young adults. Males 19-34, especially non-Hispanics, are more likely than females to have paid sick/vacation days and medical insurance. However, non-Hispanic females fare the worst, as the group in this age range least likely to receive these benefits.
Three-quarters of young adults believe there should be a law to guarantee paid sick days to workers. Hispanics and non-Hispanics 19-34 are in favor of such a law at almost the same rate. However, this is a more important issue to females, possibly because they’re more likely to take off from work when children are sick.
Source: Tr3s Hispanic Adult Millennial Study (2014)