This is the fourth post in the five-part series: “How to attract and retain the talent you want.” If you missed part three, click here.
Step four: Make the qualifying process simple so your employees will understand and participate.
Nothing derails a good benefit offering like confusing rules regarding participation. Keep your enrollment rules simple so that you can maximize your impact and your return. For example, allow any employee with a student loan in good standing and in their name to qualify. Avoid restrictions such as when the loan was taken, from where, or for what type of degree, and you’ll be thankful.
Check out this blog post for more ‘Tips for launching a Student-Loan Repayment benefit’.