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
Financial Wellness Benefits: Impactfulness

Financial Wellness Benefits: Impactfulness

One of the biggest decisions that employers can make is offering the most effective portfolio of benefits to their employees. Companies that reward their employees see increased employee engagement and productivity, but it also helps to establish long-term relationships with employees. Better financial wellness benefits means less turnover. So, what happens if an organization discovers that their benefits seem to appeal to only one group of people or just aren't impactful for their employees? Few of us would think that the employee benefits we offer could contain any bias, but we might be…Continue Reading
Retention Management and Metrics

Retention Management and Metrics

By Roxanna Coldiron No organization can succeed without their employees. Whether the company is large or small, the employees drive the business through their efforts to meet and exceed productivity goals and fulfill the company’s mission. Retaining key employees and reducing employee turnover should be the goal of every organization, but how can companies measure their retention strategies and manage their teams better? This is where retention management and metrics come in. The right combination of metrics can help can organization to manage their retention success and lessen the turnover rate, as well…Continue Reading
Financial Stress: The Effect It Has On Employees

Financial Stress: The Effect It Has On Employees

By Roxanna Coldiron If it seems as if your employees are using more and more of their sick leave, it could be that they are dealing with financial stress. An American Psychology Association survey revealed that 72 percent of Americans feel stressed about their financial situations and 22 percent feel “extremely stressed.” Stress can cause employees to feel ill, lower their motivation and decrease their productivity at work. Causes of financial stress CNBC reported that 80 percent of Millennials with student loan debt experience “significant” or “very significant” stress. No wonder! The student…Continue Reading
Aging Workforce: How To Attract New Talent as Baby Boomers Retire

Aging Workforce: How To Attract New Talent as Baby Boomers Retire

By Roxanna Coldiron Until the Millennials arrived on the scene, the Baby Boomer generation had been the largest living generation in the United States. Millennials, many of whom are in their mid-twenties to mid-thirties, have since surpassed the aging Baby Boomers and are gaining in the workforce as the older generation retires. According to Pew Research, the United States had an estimated 79.8 million Millennials compared with the estimated 74.1 million Baby Boomers in 2016. Immigration also contributes to the continued growth of Millennials as younger people come to the United States for…Continue Reading
The Importance of Succession Planning

The Importance of Succession Planning

By Roxanna Coldiron Imagine what would happen if top executives retired, quit or otherwise left your organization today. Would you have any employees who could fill in the gap? Succession planning provides a solution for companies to fill future roles within the organization. Whether your organization wants to identify the leaders in your company or cross-train employees for various positions, a succession plan is a must for companies that want continued growth during leadership changes and top executive departures. How to develop a succession plan Understand your organization’s long-term goals. Which direction does…Continue Reading
Workplace Culture Index: Why Company Culture Matters and How To Create One

Workplace Culture Index: Why Company Culture Matters and How To Create One

By Roxanna Coldiron Let’s imagine two companies: Company A and Company B. Company A suffers from high levels of turnover, a lack of employee loyalty, and increased costs in both production and human resources. Everyone on the team is new and has no idea what to do. The productivity of the company begins to take major hits. Company B does not have this problem. Instead, Company B’s employees enjoy coming into work and believe in the company’s mission and goals. Company B always has enough employees to meet demand for their products and…Continue Reading