Research shows that student loan repayments, scheduled to restart in October 2023, will negatively impact employee well-being, productivity, engagement and retention. This article offers five strategic benefits employers can leverage to reduce the impact of these repayment requirements on employees.
This policy may be used to inform employees about educational assistance benefits offered and to encourage employees to continue their professional development.
Employers seeking to advise employees that they will offer educational assistance as a benefit and encourage employees to continue professional development through advanced training and education should consider including this model policy statement in their handbook.