Employee surveys show that financial worry is a leading cause of workplace stress in the U.S., contributing to $250 billion in stress-related lost productivity each year.
Because employee debts the biggest contributor to those worries, more firms are looking at offering debt relief benefits alongside more traditional benefits.
Debt assistance is also proving a powerful tool for attracting, hiring and retaining new workers, especially young people with heavy student loan burdens.
The Center for Financial Services Innovation (CFSI) says 70% of recent grads enter the workforce with debt.
Debt relief benefits for firms of all sizes
Large companies able to design, implement and fund debt assistance programs are leadin…
Read the full article at: https://www.hrmorning.com/articles/debt-relief-benefits/
