Over the past few days in Washington, D.C., a bi-partisan group comprising 20% of the members of the U.S. Congress introduced the Employer Participation in Repayment Act. If passed, the legislation will save companies approximately 10% of the cost of offering Student Loan Repayment, allowing employers to make pre-tax contributions toward student loans by expanding the Section 127 exemption that currently allows companies to make pre-tax tuition payments.
49 out of 50 college-educated Americans have a job today. How will your company attract talent in 2019?
I recently got my hands on the latest Aflac WorkForces Report (AWR), and it is chock full of valuable insights about how employees and employers view the benefits offered in today’s market. The full report has great insights on benefits trends and attitudes, but here we’ve highlighted the top points below as it relates to hiring and retaining employee talent, and how the right benefits package can help.
Do you, like many employers, feel like you are bending over backwards to create an environment that's awesome to work in but still losing top employees? Or, are you struggling with finding decent talent and then actually getting them to accept your company's offer? If you answered yes to either of these questions or are finding it hard to reach your hiring goals, there's a good chance your company's value proposition is misaligned with what current and perspective employees actually want.
A version of this post appeared on HR.com, you can view the original version here.
I was thrilled to join Justin Kaufman on WGN's Download on Chicago Business.
Yesterday, things got a bit nuts.
In early December, Envestnet | Yodlee (NYSE: ENV) one of the top global Fintechs announced 8 companies invited to participate in its award winning innovation program. We were thrilled to be selected alongside Stessa, Golden, DataSine, Veryfi, Tangello, Starbutter AI, and Amplifunds.
With major corporations like Boeing, AT&T, Comcast and others, having already announced multi-hundred million dollar plans to reinvest tax reform savings in their people, I was asked to rejoin Steve Grzanich on the Opening Bell to discuss the implications of tax reform on already tight talent markets and what companies can do to achieve their hiring and retention goals in 2018.
How will your company compete for talent in a tax-reformed world?
A few weeks back, Steve Case and the folks at Revolution announced the Rise of the Rest Seed Fund (ROTR) focused on investments in companies across the U.S. that will disrupt major industries.
I was fortunate to rejoin Kristi Ross and Tony Battista to discuss Peanut Butter, S.O.B.'s, entrepreneurship, and empathy on TastyTrade's popular series, Bootstrapping in America. Thanks to Kristi and her team for having me on the show, and congrats again on their recent recognition at the Momentum Awards!
If your company is considering student loan refinancing, you should take a hard look at how a comprehensive Student Loan Assistance program differs from student loan refinancing on its own.
We're all familiar with the old offer, "work for us for 2 years and we'll help pay for you to earn a college degree". Employers have been offering these programs for quite some time, but increasingly the value of such programs are being called into question. The common challenges that employers cite when assessing the effectiveness of their tuition reimbursement programs are:
ProService Hawaii, the State’s number one Payroll and Benefits Administrator, offers Peanut Butter’s Student Loan Assistance to its employees.
Employer-sponsored student loan repayment programs are growing quickly as was highlighted in an October article published by the Society for Human Resources Management (SHRM).
Peanut Butter kicked off a new strategic partnership with LifeWorks today. LifeWorks will include Peanut Butter’s Student Loan Assistance in its Employee Assistance Program (EAP) – the world’s leading EAP that is at the core of the first total well-being platform.
By offering Peanut Butter’s Student Loan Assistance, LifeWorks is providing a robust financial well-being benefit to its employer customers. Through the LifeWorks Total Employee Well-being platform, employers will be able to seamlessly make student debt contributions for their people as an employee benefit and provide impactful resources to help employees manage their student loan debt.
Jon Harris, COO of LifeWorks, said that, “partnering with Peanut Butter gives LifeWorks an important new avenue to help employers keep their employees financially healthy with hands-on financial education, support and services. He continued, "As student debt becomes an increasingly critical issue for young workers, LifeWorks can help employers make their employees feel supported and guided by offering Student Loan Assistance using Peanut Butter’s seamless platform.”
Peanut Butter and LifeWorks are going to have a profound impact helping employers increase productivity and improve employee retention. Peanut Butter’s clients are champions in their employees’ efforts to be free from student debt, the top financial goal of Millennial workers. Get Started with Student Loan Assistance for your company today!
Interested in taking the perfect benefits package proposal to your executive team and walking away with unanimous approval?
Research continues to show that student debt is delaying the American Dream. For employers, the opportunity to engage Millennial talent with a meaningful benefit that addresses their interests, has never been so real.