Millennials at Federal Reserve Bank of New York | Comparably
At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and providing thought leadership on issues that impact the nation and communities we serve. read more
EMPLOYEE
PARTICIPANTS
48
TOTAL
RATINGS
499
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Millennials at Federal Reserve Bank of New York

Millennials at Federal Reserve Bank of New York grade their overall culture a B; also rating it 71/100, 4 points higher than Federal Reserve Bank of New York's overall culture as rated by all 48 employees on Comparably. Millennials are considered more demanding and to have higher expectations than their more experienced colleagues. Three areas millennials working at Federal Reserve Bank of New York think their company is performing well in are: Compensation (A+), Perks And Benefits (A+), and Happiness, (A).

Work Life Balance & Community Outreach at Federal Reserve Bank of New York

Millennials working at Federal Reserve Bank of New York and everywhere else are striving for a balanced life. At Federal Reserve Bank of New York, most employees are satisfied with their work life balance. The average Federal Reserve Bank of New York employee receives 20-30 paid days off per year, and socializes with their peers once a quarter outside of work. See what employees at Federal Reserve Bank of New York think about their work life balance.

AnswerPercent
Yes100%
No0%
Are you satisfied with your work/life balance?
AnswerPercent
Unlimited0%
20-30 days80%
15-20 days20%
10-15 days0%
0-10 days0%
How much paid vacation and sick days can you take a year?
AnswerPercent
Weekly0%
Monthly0%
Sometimes100%
Infrequently0%
Never0%
How frequently does your company participate in community outreach?

Mentorship and Professional Growth for Millennials at Federal Reserve Bank of New York

Within New York, 34% of millennials shared they have a mentor. At Federal Reserve Bank of New York, 67% of millennials say they receive mentorship, which leads to the assumption that Federal Reserve Bank of New York is a great place to work for millennials focused on their professional growth. See what employees think about mentorship and professional growth at Federal Reserve Bank of New York.

AnswerPercent
Yes67%
No33%
Do you have a mentor at work?
AnswerPercent
Yes20%
No80%
Is your company invested in your career growth?

Sentiment Toward Perks & Benefits at Federal Reserve Bank of New York

Employees at Federal Reserve Bank of New York have ranked their perks and benefits in the Top 10% of companies within New York and in the Top 5% of similarly-sized companies on Comparably. When asked to estimate how much employees think Federal Reserve Bank of New York spends on their benefits, the most common answer selected is $2500+/mo. Learn about perks & benefits at Federal Reserve Bank of New York.

AnswerPercent
Yes89%
No11%
Are you satisfied with your Benefits?
AnswerPercent
Yes100%
No0%
Do your company's benefits play a part in staying at that company?
AnswerPercent
Paid Time Off0%
Career Training0%
Decision Making100%
Fun Culture0%
Retirement Contribution0%
What Doesn't Your Company Provide, that You Want?

Retaining Millennials at Federal Reserve Bank of New York

It’s difficult to retain a millennial, and all three aforementioned sections listed bear importance. To recap, Federal Reserve Bank of New York employees rate their work life balance an A+. They do not think highly of Federal Reserve Bank of New York's professional growth opportunities. Employees have graded Federal Reserve Bank of New York's perks and benefits an A+. These ratings and reviews lead us to conclude that Federal Reserve Bank of New York is an excellent company for the millennial workforce. Learn more about Federal Reserve Bank of New York's efforts to retain employees.

AnswerPercent
Yes80%
No20%
Would you leave your current job for a 20% raise at a different company?
AnswerPercent
Yes25%
No75%
Do Your Company Leaders Do What They Should to Retain You as an Employee?
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