It's not just a problem for recent graduates.
Two-thirds of the nation's student loan debt is held by people over age 30.
Millennials are less engaged on average. Student debt is a large distraction due to an average loan term of 21 years.
Studies show 401(k) products are not an effective incentive, particularly for employees under the age 35.
Employee retention and recruitment have always been key success factors for HR departments and executive leadership. They are now critical factors as student debt levels have exploded – impacting Millennials most significantly.
Many companies seek an engagement which is designed around their needs and those of their employees. We embrace such customization as it always results in a more effective program for the employees.
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