Jeanniey Walden, global chief innovation and marketing officer at DailyPay, recently spoke (Society for Human Resource Management) about how companies should help their employees keep more money in their pocket.
Roughly 45 million Americans have federal student loan debt (Education Data Initiative). President Biden vowed to alleviate student loan debt if elected. However, two years after the federal government paused student loan payments and dropped the interest rate to 0%, no such action has been taken.
Since employees are seeking relief from the private sector, Jeanniey Walden suggests that employers should, “find out what their worker’s needs are to help them make better decisions in the workplace. Student loan repayment as a benefit really makes a difference at the end of the day.”
Check out the full article by HRD here.