Late last year, Forbes called student loan repayment the “The Hottest Employee Benefit Of 2017.” It’s about to get even hotter. Here’s why.
The Human Resource Executive Benefits (HRE) Conference is where human resources professionals (and the vendors who love them) catch up with the latest trends in benefits. Since not everyone could be there, we’ve boiled it down to three recurring takeaways – be stealthy, wealthy, and wise.
Personal financial literacy scares people so much they don’t want to think about it. But it gets to them anyway, and then costs everyone by quietly gnawing at productivity.
Millennials may get all the press for their big stack of education loans. But, it turns out older adults are your workforce’s fastest growing segment of the college indebted.
Data shows how big a role college plays in financial wellness, both for today’s parents trying to survive without resorting to a diet of macaroni and cheese, and tomorrow’s graduates doing the same while saddled with large amounts of debt. And that compromised financial wellness has known costs for employers.
Until recently, most of the hand-wringing on student loans has focused on how to help people avoid amassing so much debt in the first place. But more and more companies have started asking the question from the other side of the equation: “How can we help people with the student debt they already have?”
Having debt is not fun; what’s even worse: not knowing how to pay it back. The little-discussed undercurrent of the student debt crisis is that it’s not a money problem (or not just a money problem); it’s an education problem.
The stress of paying for college weighs heavily on parents’ minds – so much so that it’s taking away from their focus at work.
Providing employees with opportunities to deal with physical, mental, financial, and family aspects of their lives, through work-related programs and resources, can help improve overall employee wellbeing. Take a look at four ingredients for a beneficial wellbeing program and learn how to get started.
What’s the cost of college debt? The new EdAssist® Student Loan Debt Survey, conducted by Kelton Global, shows the real toll goes well beyond dollars and cents.