The statistics are startling:
The total burden of student debt in the United States is $1.4 trillion.
In 2017 the median millennial wage was $43,000.
In the same year, the median millennial debt was $37,000.
59% of employees between the ages of 22 to 44 have student debt.
Debt is the #1 financial challenge to all Americans, and by a wide margin. This lack of fiscal
health has a negative effect on both mental and physical health, both of which affect employee performance and motivation.
In a time of reduced unemployment, the battle for talent and its retention is increasing. How do we get quality employees? What can we offer to keep them? If they
stay, how can we help maximize appreciation and thus loyalty? The simple answer is to offer a meaningful compensation and benefits package. The more relevant, and complex, answer is to address specific employee needs and thus create a more meaningful employee