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.
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.
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.
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.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
Peanut Butter CEO, David Aronson, sat down with Ari Bendersky of Crain's Chicago Business. Read the original version of the article here.
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.