More cash or more benefits? Which keeps employees?

More cash or more benefits? Which keeps employees?

In my conversations with business and human resources leaders on the topic of student loan paydowns as an employee benefit, I sometimes get asked the question “Why don’t I just give my employees more cash instead and let them figure out where to spend it?” The whole purpose of offering an employee benefit or perk is to reduce the time, stress and cost of an employee having to deal with it on their own.   For example, enrolling in life insurance through an employer guarantees a certain amount of coverage, eliminates having to do…Continue Reading