Peanut Butter CEO Preparing to Present at LIMRA Conference

Aug 15, 2018 8:40:43 PM / by Corinne Thomas posted in Student Loan Repayment

Limraa worldwide research, consulting, and professional development organization that helps more than 600 insurance and financial services companies in 73 countries increase their marketing and distribution effectiveness, will be hosting its annual Group and Worksite Benefits Conference from September 11-13, 2018 at the Mohegan Sun in Uncasville, CT. On the second day of the conference, our CEO, David Aronson, is presenting alongside our partner Aflac, who will be represented by Jon Hethcox, Partner Relationship Manager.

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In Some Cases Convenience Comes at a Cost

Aug 15, 2018 8:07:08 PM / by Corinne Thomas posted in Insights, Decisions, Winning Together

An earlier version of this post was originally published on the Peanut Butter blog on May 9, 2017 by David Aronson. You can view the original post here

Making payments towards employees student loans via payroll deduction: is it a convenience or does it come with a cost? As several vendors have begun requiring employees to make their minimum monthly student loan payment via payroll deduction as a requirement of Student Loan Assistance Programs, companies may look at this as an added perk that will help employees. What some fail to understand, however, is that they may actually be putting employees at a disadvantage if they choose to administer their program this way.

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Student Loans Impacting Retirement in More Ways Than One

Aug 15, 2018 7:46:00 PM / by Corinne Thomas posted in Financial Planning, Financial Wellbeing

It's no secret that student loans are causing many to delay saving for retirement. As students need to take out more and more to pay for college, the challenge in paying their loans back continues to grow. However, it is not just the recent graduates whose retirement plans are impacted by student debt. Recent studies show that some parents are continuing to work past the age of retirement to help pay off their student loans. Keep reading to learn more about the impact student loans have on the older generation. 

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Make the Most of Your Student Loan Assistance Program

As we covered in our last post, Peanut Butter makes it extremely simple for employers to begin helping employees manage their student debt by offering Student Loan Resources. When companies provide access to Student Loan Resources, employees are able begin taking charge of their student loans immediately. However, when companies are ready to accelerate their impact, they can begin offering Student Loan Repayment with a few clicks of a button through their Peanut Butter Dashboard.

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Don't Delay Helping Employees Manage Student Debt

Did you know that 70% of people with student loans don't know if they can pay less? Now they will. Peanut Butter has created a way to make offering Student Loan Assistance even easier, so that employers can begin making a difference for employees now. Our platform allows companies to start offering Student Loan Resources in under 15 minutes, with no on-going administration. 

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How Many of Your Employees Have Student Loans?

With 44 million Americans holding student debt, it's pretty easy to see that those affected by this is widespread. However, when considering whether to offer Student Loan Assistance most employers first question is often "How many of MY employees have student debt"? While it can seem difficult to determine, there are several different ways to go about finding the answer to that question and in this post we'll cover two different approaches. 

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Peanut Butter CEO to speak at Members Development Company Owners Meeting

Jul 27, 2018 3:12:04 PM / by Corinne Thomas posted in Student Loan Debt, Financial Wellbeing

In February, Members Development Company (MDC), a network of some of the nation's largest credit unions working together on meaningful research and development projects, presented some key research around the student loan crisis during their Winter Owners Meeting.

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Credit Unions Have a Unique Opportunity to Address the Student Loan Crisis

Jul 27, 2018 2:06:04 PM / by Corinne Thomas posted in Insights, Student Loan Repayment

The original version of this post was published on the Members Development Company (MDC) blog by Sarah Lietz, Vice President of Owner Engagement at MDC. You can view the original post here

As more Americans flock to colleges and universities against a backdrop of rising tuition costs, it is increasingly clear that we are in the midst of a student loan crisis. The proliferation of high-cost student loans outpaces both inflation and wage growth, and delinquency rates are now higher than ever before, surpassing all other mainstream credit products. In total, there is $1.45 trillion in student loan debt in the U.S., and it grows by $2,700 every second. Over 44 million Americans currently hold student loan debt.

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The Next Generation of Workers Want New Benefits

Jul 26, 2018 1:44:24 PM / by Corinne Thomas posted in Recruiting, Differentiation, Retaining Talent

With Millennial workers now making up the vast majority of the workforce and the post-millenial generation beginning to make an entrance, there's no surprise that half of employees are unsatisfied with benefits provided to them by their employers. Companies have tried to add additional perks, such as trendy office spaces or Friday happy hours, to round out their benefits package and satisfy the younger members of their organizations. 

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The Chicago Tribune Highlights Student Loan Assistance

Peanut Butter client, Rise Interactive, spoke recently with Alexia Elejalde-Ruiz of the Chicago Tribune about why they decided to  launch a Student Loan Assistance program. Read what Nicole Skaluba, Rise's Director of Employee Services, had to say in an excerpt from the article below or view the original version of the article here

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Medix CEO Shares the 6 Things You Need to Think About to Make New Grad Hires Successful

Jun 28, 2018 9:36:49 AM / by Corinne Thomas posted in Insights, Recruiting

The original version of this post was published on Purposeful CEO by Andrew Limouris, CEO at Medix. You can view the original post here

School is ending for the class of 2018, and employers across the nation are getting ready to welcome them into the workforce. For some of these new grads, this is when their parents take a first step back and let them stand on their own two feet.

As these new grads’ employer, not only are you responsible for helping them start successful careers; you’re oftentimes helping them start their independent lives. This is a huge privilege and responsibility! To help smooth the transition for these new professionals, consider these six things:

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Calabrio Uses Student Loan Repayment Program to Positively Impact Employees

The following post was originally published on Calabrio's blog by Debbie WIlliams, Calabrio's Human Resources Director. You can view the original article here.

As a contact center technology provider where Voice of the Employee (VoE) importance is ever increasing, employee engagement and satisfaction are core focuses for Calabrio’s product strategy and development efforts. This focus on the employee, however, permeates everything we at Calabrio do. That’s why we strive to continually seek out and put in place innovative programs that positively impact, motivate and bring great work-life balance to our own employees.

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What is Financial Wellness and Why It's Important to Your Employees

Jun 26, 2018 5:17:08 PM / by Carolyn Kick posted in Retaining Talent, Financial Planning

The following is a guess post from Carolyn Kick, Marketing Manager at Launchways.

 

In today’s changing workforce, employers are reconsidering how they approach employee benefits. In the efforts to attract and retain top talent, companies are aiming to create more appealing benefits programs. They’re considering new, more comprehensive approaches to benefits. Even more importantly, they’re thinking about the make-up of their workforce and which benefits their employees value most.

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Yodlee Highlights the Ways Peanut Butter Helps Employers

May 30, 2018 3:55:22 PM / by Corinne Thomas posted in Press Room

As a "leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services", Yodlee, a division of Envestnet, has a pretty good handle on the FinTech space. So late last year when they invited Peanut Butter to participate in their award winning innovation program, it was a no-brainer. Earlier this month they included a feature on how Peanut Butter is helping employers on their site.

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1871 Profiles Peanut Butter

May 30, 2018 11:28:41 AM / by Corinne Thomas posted in Press Room

In the month of May America's student loan debt surpassed $1.5 trillion. With a statistic so staggering, it's no wonder people are noticing, especially companies who realize many of their employees are among the 44 million affected by it. 1871's Yun Tai stopped by to chat with Peanut Butter's CEO, Dave Aronson, to chat about the current state of this crisis.

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Why I Chose to Join Peanut Butter as Chief Technology Officer

May 25, 2018 10:31:38 AM / by Jeremy Jongsma

This month Jeremy Jongsma joined the Peanut Butter team as CTO. Jeremy brings with him over a decade of experience in FinTech, having successfully grown three startups prior to coming onboard. We're excited, and so is he - read what he had to say about why he chose Peanut Butter as his next adventure.

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As new benefits become 'must haves,' employers focus on education

Apr 24, 2018 2:40:17 PM / by Corinne Thomas posted in Press Room, Student Loan Repayment

The original version of this post appeared on HR Dive and was written by Riia O'Donnell

As voluntary benefits become "must haves" in the war to attract and retain talent, employers are increasingly offering perks that focus on education. From professional development to student loan repayment, companies are positioning themselves as partners when it comes to the education of employees and their families.

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Forbes - "Student Loan Repayment: The Job Perk Of The Future"

Apr 5, 2018 8:53:27 AM / by Corinne Thomas posted in Press Room

 

Peanut Butter client, Calabrio, spoke recently with Laurence Bradford of Forbes about the impact offering Student Loan Assistance has had on their business. Read below to hear what Debbie Williams, Calabrio's Director of Human Resources, had to say below or view the original version of the article here

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Sales Assembly Launches VentureSCALE to Support Startups

Apr 4, 2018 11:01:58 AM / by Corinne Thomas posted in Press Room

Sales Assembly, the only dedicated resource & peer community for sales leaders of Chicago's growth-stage tech companies, recently announced they would be launching a new program geared towards smaller teams in the earlier stages of their sales growth. The sales/revenue-focused accelerator, named VentureSCALE, accepted 9 fast growing B2B tech companies into the initial cohort, which kicked off in March, and Peanut Butter is thrilled to be one of them. 

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1871 Announces Companies Selected to Participate in Advanced Member Program (AMP)

Apr 4, 2018 10:23:46 AM / by Corinne Thomas posted in Press Room

In February, 1871, the #1 ranked Incubator in the World by UBI Global, released the list of companies selected to participate in the inaugural cohort of it's Advanced Member Program (AMP). The program, which was announced in late 2017, was designed in order to provide later-stage companies with specialized workshops, relevant programming and superior mentorship to help them continue to scale and accelerate growth. 

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