Improve Employee Loyalty with Student Loan Repayment Benefits
Create a competitive advantage. Enhance employee financial wellness through Student Loan Benefits. Paidly offers a secure, cloud-based solution that enables employers to make supplemental payments toward employee student loan principal. Student Loan Repayment Benefits can assist with recruitment, retention and the financial wellness of your employees.
Create Competitive Differentiation
Companies across the US are experiencing challenges with existing employee loyalty and recruitment. Compensation is no longer the primary differentiating factor for employees when choosing employers, according to the Society for Human Resource Professionals (SHRM). There is a primary differentiator however, the offering of creative benefit plans. Paidly enables employers to easily incorporate Student Loan Repayment Benefits to create competitive differentiation. The employer makes payments toward employee student loans helping to improve employee financial wellness.
Enhance Employee Loyalty
Create a compelling reason why your firm is a great place to work
Prioritize Financial Wellness
Improve employee financial preparedness for retirement
Improve Quality of Life
Directly impact quality of life beyond standard salary and benefits
66%
Employee's plan to leave their employer within 4 years
35%
Employee's cannot afford to contribute to a 401(k) plan
29.9k
Average student debt upon graduation
18.5Yrs
Average payoff period of student loans
Workforce Impacts
Student loans negatively impact employee quality of life. Student loan debt can create major stress and force the postponement of major milestones in life
