Millennials at Magna | Comparably
A New York based investment firm read more
EMPLOYEE
PARTICIPANTS
137
TOTAL
RATINGS
1273

Millennials at Magna

Millennials at Magna grade their overall culture a D; also rating it 60/100, 14 points lower than Magna's overall culture as rated by all 137 employees on Comparably. Millennials are considered more demanding and to have higher expectations than their more experienced colleagues. Three areas millennials working at Magna think their company is performing well in are: Work Culture (C), Retention (C-), and CEO Rating, (D).

Work Life Balance & Community Outreach at Magna

Millennials working at Magna and everywhere else are striving for a balanced life. At Magna, the majority of employees are satisfied with their work life balance. The average Magna employee receives 0-10 days paid days off per year, and socializes with their peers once a week outside of work. See what employees at Magna think about their work life balance.

AnswerPercent
Yes57%
No43%
Are you satisfied with your work/life balance?
AnswerPercent
Unlimited0%
20-30 days29%
15-20 days29%
10-15 days13%
0-10 days29%
How much paid vacation and sick days can you take a year?
AnswerPercent
Weekly20%
Monthly20%
Sometimes40%
Infrequently20%
Never0%
How frequently does your company participate in community outreach?

Mentorship and Professional Growth for Millennials at Magna

Within New York, 34% of millennials shared they have a mentor. At Magna, 33% of millennials say they receive mentorship, which leads to the assumption that Magna is a great place to work for millennials focused on their professional growth. See what employees think about mentorship and professional growth at Magna.

AnswerPercent
Yes33%
No67%
Do you have a mentor at work?
AnswerPercent
Yes75%
No25%
Is your company invested in your career growth?

Sentiment Toward Perks & Benefits at Magna

Employees at Magna have ranked their perks and benefits in the Top 15% of companies within New York and in the Top 20% of similarly-sized companies on Comparably. When asked to estimate how much employees think Magna spends on their benefits, the most common answer selected is $1000 -$1500/mo. If Magna employees had to select an additional benefit not already provided it would be acupuncture. Learn about perks & benefits at Magna.

AnswerPercent
Yes85%
No15%
Are you satisfied with your Benefits?
AnswerPercent
Yes71%
No29%
Do your company's benefits play a part in staying at that company?
AnswerPercent
Paid Time Off20%
Career Training0%
Decision Making20%
Fun Culture60%
Retirement Contribution0%
What Doesn't Your Company Provide, that You Want?

Retaining Millennials at Magna

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

AnswerPercent
Yes57%
No43%
Would you leave your current job for a 20% raise at a different company?
AnswerPercent
Yes78%
No22%
Do Your Company Leaders Do What They Should to Retain You as an Employee?
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