More Companies Are Offering Student Debt Repayment As A New Benefit

PROBLEM #1 : STUDENT DEBT

PROBLEM #2 : COSTLY WAR FOR TALENT
  • 17 - 20 years average time to pay off student debt
  • 63% feeling completely alone in addressing their #1 financial pain point
  • #1 financial stress for emerging workforce to parents alike
  • 2x higher preference for student debt repayment than 401(k) and healthcare
  • 75% of the workforce will be millennials by 2025
  • 15 months average retention of millennials in the workforce
  • 90% - 200% cost to replace each employee lost

SOLUTION: STUDENT DEBT CENTRIC BENEFITS

  • Win offers: 85% will accept job offers with student debt repayment (SDR)
  • Retain top talent: 86% will work for 5 years at a company with SDR
  • Recoup investment: 2 added months of retention = breakeven
  • Drive greater diversity: women and minorities report greatest loyalty for SDR

For more information or to request a demo, contact: Gary@Insurance.Lassin.com or 713-665-0213

⌂ Disclosure
I am licensed in Florida, New Jersey, Pennsylvania and Texas. If you live or if your company is based in any of these states, I can help you.