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Parents of college-aged students looking to pay off kids' loans are the fastest-growing category of employees signing up for payment benefits.

The corporate giants’ announcement is the latest in a series of employer moves to reduce costs and empower employees. Insiders predict more companies will follow suit.

The beauty conglomerate added the perk to better serve its millennial-oriented workforce.

Kevin Zolriasatain is a principal and the practice leader of KBKG’s Research and Development Tax Credit Services.

Christa Degnan Manning leads Bersin by Deloitte’s solution provider research. In this role, she collaborates with Bersin and Deloitte colleagues across practices to identify and analyze software and service providers that support and sustain success in human resources, workforce enablement, and organizational effectiveness. Christa’s research and advisory work helps businesses align their workforce support strategies with the right third-party partners and governance models to deliver functional capabilities and employee experiences that support productivity, engagement and workforce efficiency.

The retailer is implementing the HR module as part of its larger IT strategy designed to support future business.

The technology can track employee performance, forecast headcount and optimize recruiting workflows.

Millennials don’t know how to manage stock market expectations, Gen X struggles with savings and baby boomers don’t realize the benefits they could gain from one or two extra years in the workforce.

Matthew T. Hoesly, CFP, ChFC, MSFS, is an investment adviser at Resource 1 in Norfolk, Va. His focus is on areas of personal financial advice, retirement planning and asset management; playing a vital role in corporate employee meetings and educational seminars. Hoesly has qualified for Million Dollar Round Table every year since 2008 and has achieved five Court of the Table and two Top of the Table honors.

Retirees who consider taking withdrawals from their 401(k) and other similar plans should account for the tax impact before making a decision.