You probably have at least a few employees who recently looked at their paychecks expecting to see a specific number and were surprised to see a higher one. And that presents a golden opportunity for finance pros.
Student loan repayment benefits have become an increasingly popular tool for recruiting and retention in recent years and, if this bill passes, that trend is only likely to continue.
Even with an economy that’s gradually moving out of a recession, worries over retirement are still mounting for employees.
Just three percent of employers currently offer student loan repayment benefits. But based on a number of reliable factors, that number may skyrocket in the not so distant future.
You’ve already got a lot invested in your benefits programs. But if your company’s looking to hire the best and the brightest of the current crop of college grads, here’s a new idea you might want to consider.
Millennials will soon be the most prominent demographic in the workforce, and many of these employees have been saddled with tremendous amounts of student loan debts. So it just makes sense that student loan repayment benefits are starting to gain some major traction with young workers.
If you’re looking to hire Millennials in your Finance department but afraid of their job-hopping reputation, there’s one seldom-offered perk that will guarantee they stick around for the long term.
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