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With student loan repayments set to start up again in January after almost two years of COVID federal relief, the 42 million borrowers in the U.S. are anxiously searching for solutions.
Sixty-seven percent of borrowers say they are unprepared to resume student loan payments, according to Pew research. And with just 8% of employers offering student loan repayment benefits, workers are increasingly interested in those organizations that do, and are willing to compete for available positions.
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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Baystate Health president and CEO Peter Banko discusses employee pain points, rethinking compensation and removing barriers to care.
Flexible benefits and a caring culture that recognize the double squeeze of child care and eldercare responsibilities on a culture will help retain sandwich-generation talent.
Increasing leave in the U.S. and Canada aligns with the company’s focus on retention and internal promotion, said the head of people and culture for Lush North America.
Organizations are seeing more demand for mental health and substance use services. New approaches aim to make care easier to access before employees reach a crisis.
Employers should educate staff on the nuances of every coverage option, advises Benefitbay CEO, ranging from coinsurance to coverage tiers, networks, “incumbent bias,” and more.
