We are almost two decades into the 21st Century, and things around us are changing at a rapid pace. From the organizational setup to the HR processes, there is a change in almost everything that organizations are doing for employees. However, rather surprisingly, employee benefits still happen to be the same as they were back in the day.
Employees have had enough with the boring health insurance, the useless discount cards, and the PTO that is never allowed. Workers now want benefits that can actually help them in getting some load off their backs. The perfect benefit here isn’t supposed to be one that sounds the most appealing or one that has the best charm. It has to be one that gives the best benefit to your employees.
Talking about benefits, there is nothing that can benefit a fresh graduate more than their employer’s decision to pay off their student loan.
Here we look at some of the reasons why you should offer to pay the student loan that is pressurizing your students currently:
Student Loan Is a Big Problem
Rather than broken teeth, impaired health, and the need for luxuries, the biggest issue for students entering the corporate world is student debt. Since employee benefits are made to give employees respite from the problems they face, it is only justifiable for organizations realize the problem of student loans. Students are unable to take this burden off their shoulders, which is why they look for other means.
A good employer would realize all the trouble this is giving to employees and would pick paying off student debt as a priority employee benefit over other options.
It Helps in Retaining Employees
Your employees, especially fresh graduates with the most innovation, will value your decision to pay off their student debt and they would stick with you through the thick and thin. A company would want to retain their employees for as long as possible, which is why this option here can be extremely feasible for employee retention.
It Is the Hottest Benefit in Town
Go for it or not, but student loan is the hottest benefit in town. It is one of the benefits that everyone likes speaking about and is already making waves around town. Once you implement this within your workplace, you would have an influx of fresh graduates heading towards your office for opportunities in your company.
If you want to keep the employees in your organization happy and attract more talent, but don’t know how, it’s time to get in touch with the consultants at JS Benefits Group. Click here to learn more!
