Millennials at Rent the Runway | Comparably
Rent the Runway Claimed Company
Rent the Runway is transforming the way modern women get dressed and disrupting the $2.4 trillion fashion industry by pioneering dynamic ownership and enabling women to rent, subscribe to and purchase secondhand clothing. Founded in 2009 with a vision to build the world’s first living closet, RTR believes that women everywhere will soon have a subscription to fashion. By creating a new model of dynamic ownership rooted in sustainability, RTR has made apparel rental an indispensable utility while also powering women to feel their best every day. RTR offers apparel, accessories and home decor from over 700 designer partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman’s leadership, Rent the Runway has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times. read more
EMPLOYEE
PARTICIPANTS
73
TOTAL
RATINGS
670
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Millennials at Rent the Runway

Millennials at Rent the Runway grade their overall culture a C; also rating it 66/100, 13 points higher than Rent the Runway's overall culture as rated by all 73 employees on Comparably. Millennials are considered more demanding and to have higher expectations than their more experienced colleagues. Three areas millennials working at Rent the Runway think their company is performing well in are: Outlook (A-), Environment (A), and Office Culture, (B).

Work Life Balance & Community Outreach at Rent the Runway

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

AnswerPercent
Yes100%
No0%
Are you satisfied with your work/life balance?
AnswerPercent
Unlimited0%
20-30 days100%
15-20 days0%
10-15 days0%
0-10 days0%
How much paid vacation and sick days can you take a year?
AnswerPercent
Weekly0%
Monthly0%
Sometimes0%
Infrequently0%
Never0%
How frequently does your company participate in community outreach?

Mentorship and Professional Growth for Millennials at Rent the Runway

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

AnswerPercent
Yes33%
No67%
Do you have a mentor at work?
AnswerPercent
Yes43%
No57%
Is your company invested in your career growth?

Sentiment Toward Perks & Benefits at Rent the Runway

Employees at Rent the Runway have ranked their perks and benefits in the Bottom 10% of companies within New York and in the Bottom 10% of similarly-sized companies on Comparably. If Rent the Runway employees had to select an additional benefit not already provided it would be gym/health club membership. Learn about perks & benefits at Rent the Runway.

AnswerPercent
Yes38%
No62%
Are you satisfied with your Benefits?
AnswerPercent
Yes0%
No100%
Do your company's benefits play a part in staying at that company?
AnswerPercent
Paid Time Off0%
Career Training0%
Decision Making0%
Fun Culture0%
Retirement Contribution0%
What Doesn't Your Company Provide, that You Want?

Retaining Millennials at Rent the Runway

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

AnswerPercent
Yes100%
No0%
Would you leave your current job for a 20% raise at a different company?
AnswerPercent
Yes33%
No67%
Do Your Company Leaders Do What They Should to Retain You as an Employee?
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