Save Your Employees Thousands on Student Loans With A Bi-Weekly Payroll Deduction

Save Your Employees Thousands on Student Loans With A Bi-Weekly Payroll Deduction

You can help your employees save thousands on their student loans, by using a repayment strategy commonly used with mortgages. In the mortgage program you make half your mortgage payment every two weeks rather than once per month. Here’s an example of what that looks like with student loans. We’ll start using a $40,000 student loan balance with a 6.8% interest rate and a standard 10-year repayment term. Your employee will spend $460 a month in loan repayments. Over 10-years they’ll also spend nearly $16,000 in interest payments. READ MORE ON HUFFINGTON POSTContinue Reading
In The News: The Philly Sun

In The News: The Philly Sun

PeopleJoy was featured in an article for The Philadelphia Sunday Sun about our partnership with Campus Philly. Campus Philly and PeopleJoy are partnering to offer a new benefit that helps employees pay off their student loans. PeopleJoy, a Philadelphia benefits start-up, and Campus Philly, a nonprofit that works to engage and retain college students, see student loan assistance as the newest way to attract and retain Millennial employees. READ MORE: The newest vehicle for attracting and retaining Millennial talent in the workplaceContinue Reading
Disbanding Affinity Groups and ERGs: Good or Bad?

Disbanding Affinity Groups and ERGs: Good or Bad?

Diversity issues have been a hot button topic in the news lately. Deloitte recently announced that the company would now be in favor of “inclusion councils” that include white male executives in the diversity discussions. Deloitte believes that the new approach will help white men within the company connect with their diverse employees. Inclusion councils can be a great supplement to employee resource groups (ERGs), but should they become a replacement for them? Kevin England, Ph.D, explains that inclusion councils just cannot “have the resources to accomplish everything that ERGs can accomplish.” Employee…Continue Reading
Relocation Management of Employees

Relocation Management of Employees

Relocating employees from one office to another does not need to be overwhelming. The process can be done with efficiency if the employer has prepared a relocation management plan and coordinates the move as much as possible. Employees will benefit from a smooth relocation process. What should go into a relocation management plan? This will vary according to the organization and its needs, but these are some of the considerations that employers can make when creating a relocation management plan: Relocation packages Moving from one location to another can be very expensive. A…Continue Reading