HR Insights


Savvy Employers Make Debt Assistance a Workplace Benefit

Posted by Jeremy Cavness on January 4, 2016

Savvy Employers Make Debt Assistance a Workplace Benefit | Jeremy Cavness | HR Insights blog by CareATC, Inc.A new wave of employees feel differently than previous generations about employer benefits. With health insurance now available from more than one source, this benefit no longer tops the list of those most important to America's youngest workers.

However, financial benefits are as important as ever, and some major American employers are offering a new option: student loan debt repayment.

Such repayment plans have long been offered through government and educational sources, but it's a new thing to see companies helping their employees pay off school expenses. And there's plenty to go around: American student debt now exceeds $1.2 Trillion.

Only 3% of American companies presently offer this specific benefit, but with many businesses vying for limited talent populations, this could be a benefit that differentiates a company to elite prospective hires.

Read full article at Business Administration Information.

Photo credit: GotCredit via Foter / CC BY
Jeremy Cavness

About The Author

Jeremy Cavness

Jeremy is a former CareATC marketing team member.

Post Topics Benefits & Compensation