Practical HR Tips, News & Advice. Updated Daily.
With a new year underway, there are so many compliance-related items to consider relating to your employee benefit plans. The rules you’re supposed to comply with keep growing and growing—they seem like the gifts that keep on giving (and changing). Here are some of the key items to consider as we head into 2024. Health […]
In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of mind for many. Enter SECURE 2.0, which includes a long-awaited 401(k) feature that has sparked employer interest for years. What Is It? The […]
By the year 2025, it’s estimated that Millennials will make up roughly 75% of the American workforce. This means that HR professionals, business owners, hiring managers, and anyone else involved in the recruitment process needs to have a solid understanding of this demographic if they hope to compete in the market.
Employees in every industry are burdened with student loan debt. According to the latest Federal Reserve data, Americans carry over $1.5 trillion in student loans. The amount continues to grow every quarter. PricewaterhouseCoopers’ 2018 Employee Financial Wellness Survey revealed that 54% of employees are stressed about their finances, and 64% are impacted by student loans. […]
Average student loan balances across the country continue to rise, which leaves many new employees struggling with debt before they’ve even managed to start their first full-time role. This weighs heavily on the minds of many job applicants and is one of the reasons some employers have started offering student loan assistance as a benefit […]
Yesterday’s Leadership Daily Advisor reported on the fast-growing trend in corporate benefits of helping employees who are saddled with education-related debt. Today, we outline the main design elements that will structure leadership’s approaches to the perk.
Education assistance and student-loan repayment benefits may just be the hot benefit to watch—as a growing number of employers have recently announced they will be offering the perk, and many more say they’re thinking hard about providing it.
While student loans can be a drain on short-term finances, a new survey from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.
Like countless other “essential employee benefits” you’ve heard of over the years, student loan assistance sounds like a good idea. But you’re probably wondering: Is this one going to last? Based on the results of recent survey, all signs point to yes.
Student loan debt weighs heavily on the collective American mind—with good reason. According to MarketWatch, the total outstanding student loan debt as of January 2016 was $1.2 trillion, exceeded only by mortgage debt. It also reports that about 70% of recipients of bachelor’s degrees graduate with debt.