Trump Administration May Put Public Service Loan Forgiveness On Chopping Block

Trump Administration May Put Public Service Loan Forgiveness On Chopping Block

The Public Student Loan Forgiveness (PSLF) program might be on the chopping block for the new administration’s budget. According to the Washington Post, people who will qualify for forgiveness this year will not be affected, but those who were betting their education on the PSLF will need to rethink their strategy. College comes with a hefty price tag. The PSLF program has been a factor that many students consider when deciding to enroll in college or when choosing a career. Public sector and not-for-profit jobs typically offer lower pay rates than the for-profit…Continue Reading
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
New Grads: Negotiating Your First Job Offer

New Grads: Negotiating Your First Job Offer

by Roxanna Coldiron Congratulations! You’ve graduated from college with several job offers in hand. Having your degree and now a job in your field happens to be one of the greatest feelings in the world. But you don’t have to accept the first job offer that comes your way. Most recent graduates aren’t aware that they can negotiate their job offers with employers. According to Payscale, employers expect you to negotiate. You might not always able to ask for a higher salary when you’re first starting out in your career, but you do…Continue Reading
Dispelling Common Myths About Millennials In The Workforce

Dispelling Common Myths About Millennials In The Workforce

Millennials will be overtaking the world soon. Confusion abounds as to who qualifies as a Millennial, but the designation generally falls on those born toward the later half of the 1980s to near the end of the 1990s. Today’s Millennials cover a wide range of ages, including those just graduating from college all the way up to those facing middle age. Millennials are already surpassing other generations in the workforce, so it’s time to dispel those myths about this generation who has seen technology advance at a rapid rate. When developing your benefits…Continue Reading
Millennials: Who Needs Them? Chances Are, You Do

Millennials: Who Needs Them? Chances Are, You Do

by Roxanna Coldiron When Millennials first entered the workforce, many employers dismissed them as unqualified and refused to hire them. Companies didn’t want to have to train new workers who had little to no experience in the field, and they certainly didn’t want to deal with the “Millennial attitude” and all it entailed. But this belief can now be a huge hindrance in growing your company. Keep in mind that the oldest Millennials have reached their mid-30s and have more than enough work experience, while younger Millennials can bring adaptability and their lifelong…Continue Reading
Employer’s Guide To Managing Millennials in the Workplace

Employer’s Guide To Managing Millennials in the Workplace

by Roxanna Coldiron Ready or not, Millennials have begun to take over the workforce. The Millennial generation, those born between 1981 and 1997, possess a 38 percent chunk of the workforce in various industries throughout the United States and have already surpassed Baby Boomers as the largest living generation . Older employers might not be prepared for the changes that Millennials can bring to their employment, but learning how to manage and mentor Millennials can prove invaluable in creating the right company atmosphere and moving the company forward within the ever-changing landscape in…Continue Reading
Caught Your Employee Looking For Another Job?  Here’s What Not To Do

Caught Your Employee Looking For Another Job? Here’s What Not To Do

by Roxanna Coldiron Imagine this scenario. On Monday, the department supervisor discovers that an employee has been looking for another job. Perhaps the employee left evidence of their job search on their desk or had not been discreet about their job searching activities on LinkedIn.  Um....Yeah... Not talking about it with the employee can strain the current relationship but approaching it in the wrong way could escalate the departure and reflect badly on the supervisor and the company. Employers can sometimes be blindsided when they learn that their employees have been looking for…Continue Reading
The Case Against Exit Interviews

The Case Against Exit Interviews

by Roxanna Coldiron When a valued employee decides to leave the company, the age-old wisdom has been to conduct an exit interview to find out why that employee has chosen to leave. The typical process for this interview involves asking the employee standardized questions about their reason for leaving and what they liked or did not like about the company or their position. An exit interview might take place as an uncomfortable in-person interview in the office or as an impersonal survey that is sent directly to corporate human resources for processing, only…Continue Reading
Student Loan Paydown Plans vs. 529 College Savings Plans

Student Loan Paydown Plans vs. 529 College Savings Plans

College expenses continue to rise, and many new graduates will enter the workforce with thousands of dollars in student loan debt. Older employees might have children and grandchildren who will be attending college in the future and will want some way to save money for those expenses. For these employees, benefits such as an employer-sponsored student loan paydown plan or a college savings plan such as the state-sponsored 529 plan can go a long way in ensuring the financial health and well-being of your employees. But which do you offer your employees? How…Continue Reading

More Employers Offering Student Loan Repayment Assistance as Benefit to Attract and Retain Talent

Student loan debt repayment assistance might be the perfect perk that employers should offer if they want to attract today’s top graduates and best talent. Bloomberg referred to  student debt repayment as the “hot, new company benefit,” and employers that offer it have begun to realize that this perk is a powerful way to differentiate themselves from the competition while also showing that they care about their employees’ well-being. Crushing student loan debt ($1.3 trillion in the United States) has been known to contribute to increased financial stress and health risks of employees…Continue Reading
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