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Repayment-Based Benefit

Companies support employees by contributing to their student loans

Implications - For companies trying to lure and retain Millennial employees, student loan repayment benefits are topical efforts that have the opportunity to encourage loyalty. This creative benefit strategy challenges the workplace stereotype that Millennials are less concerned with money and are more enticed by lifestyle-based perks. As the high cost of replacing fickle Millennial workers remains a consideration for employers and the average repayment balance for graduates continues to rise, efforts like this serve as an effective retention strategy by aligning the values of the employer and employee.
Workshop Question — How could your brand establish more effective retention strategies for its Millennial employees?
3.5
Score
Popularity
Activity
Freshness
Patterns
Megatrends
5 Featured, 29 Examples:
34,699 Total Clicks
Date Range:
Jun 15 — Jun 18
Trending:
Untested

Featured Examples

Student Loan-Paying Benefits
Student Loan-Paying Benefits
Peloton Fitness Company Offers Gradifi Loan Payment Solutions
Peloton fitness company, a technology brand that is revolutionizing the fitness industry with its indoor cycling bike is now working with one of the leaders in student loan paying benefit programs... MORE
Loan Payback Employee Perks
Loan Payback Employee Perks
Estee Lauder Offers Student Loan Contributions for Employees
Cosmetics company Estee Lauder is now offering a student loan contribution program as a part of the new employee benefits package. Partnering with student loan payback platform Tuition.io, the brand... MORE
Student Loan Paydown Perks
Student Loan Paydown Perks
Live Nation Boasts an Attractive Business Model with Its Benefit Plans
The student loan paydown is a perk that is offered by Live Nation Entertainment and is a way for the company to “attract Millennials.” The business partners up with tech start-up Tuition.... MORE
Barista Bachelor Initiatives
Barista Bachelor Initiatives
Starbucks is Offering to Cover Tuition at Arizona State for Employees
While some workplaces offer to reimburse you for classes you take to advance your career or help you in a specific position, this ubiquitous coffee chain is helping their baristas get their bachelor... MORE
play_circle_filled Student Loan Repayment Benefits
Student Loan Repayment Benefits
PwC's Support of Its Staff Goes Beyond Health Care & Pampering
PwC pioneers the movement toward a healthier and less stressed staff with its student loan repayment benefit. Geared toward new employees, the company offers financial assistance to help reduce debt... MORE

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