Many employers offer tuition assistance for work-related education. Normally, they include a rule saying employees have to pay back the money if they leave the company within a certain time frame. But collecting on that promise can bring legal headaches. Here’s how you can avoid them.
If you decide to pay employees to learn more about and become better at their jobs, you’ll also want to make sure you don’t overlook a key factor in making sure the investment is worthwhile.
Employers can help their employees prevent massive student debt in the first place by showing them how to take advantage of employer 529 plans.
What benefit are more of your competitors going to offer candidates this year?
Your workforce carries higher education debt than you think. Sixty-five percent of college-educated Americans are managing student loan payments right now. On average they owe $39,351 each, according to First Republic Bank. Carrying a financial burden that heavy can impact employee wellbeing and productivity. Especially when COVID-19 federal relief benefits eventually will expire. What employers […]
Student loan assistance is one of the less-discussed changes included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. But the act gives employers a great way to reward some of your workers with tax-free help paying down their student loan debt. Don’t wait to check out the new IRS rules on student loan […]
What benefits are most of your competitors offering employees?
What do employees value most today? Recently, 9,218 full-time U.S. employees at nongovernmental organizations were asked to rank 23 job factors by what’s most important to them. Here is their top 10 (by age group).
Walmart is redoubling its efforts to attract high school students by sweetening its tuition assistance offerings.
Periodically, we ask three HR managers how they’d handle a difficult situation at work. Today’s problem: The company is getting ready to announce a no-raise policy, and HR has to figure out a way to soften the blow.
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