John Scully’s Post

Student Loan Repayment Benefits: A Win-Win for Employers and Employees | https://ow.ly/fMp050TsH9h > Student loan repayment benefits help companies attract and retain diverse talent while reducing employees' financial stress. > Employers gain a competitive edge and build positive workplace morale.

Learn how a student loan matching program can be a valuable addition to any benefits package, helping employees pay down student debt, strengthening engagement, boosting retention and fostering a workplace that truly supports employee financial wellness. #StudentLoans #EmployeeRetention #ADP Send me a direct message to learn more!

How Can Employers Assist in Student Loan Repayment for Their Physician Employees? In today's competitive healthcare landscape, attracting and retaining top talent is more crucial than ever. One powerful way employers can support their physician employees is by assisting with student loan repayment. Here are some effective strategies: 1. Employer-Sponsored Repayment Assistance Programs: Offering direct contributions to help reduce student loan balances can be a significant financial relief for physicians. 2. Matching Contributions: Implementing programs that match employee payments can incentivize physicians to make consistent payments while accelerating debt reduction. 3. Tax Benefits: Employers can explore tax-advantaged programs, like the CARES Act provision, allowing up to $5,250 per year in employer contributions toward employee student loans to be tax-free. 4. Financial Planning Resources: Providing access to financial advisors who specialize in student loan repayment strategies can empower physicians to make informed decisions about managing their debt. 5. Retention Bonuses Tied to Loan Repayment: Offering retention bonuses directly applied to student loan balances can enhance loyalty and reduce turnover. Supporting your physicians in managing their student loan debt not only alleviates financial stress but also fosters a positive work environment and enhances job satisfaction. Investing in your employees' financial well-being is a win-win for everyone. #Healthcare #PhysicianRecruitment #StudentLoans #EmployeeBenefits #FinancialWellness #Retention

📈 In February, an EBRI study found that student loan debt payments are negatively impacting employee contributions to their 401(k) plans. Employers are stepping up with financial benefits like tuition reimbursement and student loan repayment plans. As the demand for these benefits rises, small and mid-size businesses are enhancing their offerings to attract and retain top talent. Is your SMB ready? Work with a PEO to make sure you are adding value for both you and your employees. #employeebenefits #financialwellness #business #studentloans

🚀 Did You Know? Fiducius: Pioneering Student Loan/Employee Benefit Solutions Since 2011! 🚀   Did you know that Fiducius has been at the forefront of the student loan/employee benefit industry for over a decade? That's right – since 2011, we've been dedicated to revolutionizing the way organizations support their employees with student loan repayment assistance. 🎓💼   Here's why we stand out: 1️⃣ Early Innovators: Back in 2011, we recognized the growing burden of student loan debt and its impact on employee financial wellness. We were among the first to develop comprehensive solutions to help employers ease this burden and attract top talent.   2️⃣ Proven Track Record: With over a decade of experience in the industry, we've helped countless organizations of all sizes implement successful student loan repayment programs, empowering them to differentiate themselves in the competitive talent market. 3️⃣ Continuous Innovation: We don't rest on our laurels. Over the years, we've continued to innovate and evolve our offerings to meet the changing needs of employers and employees alike, staying ahead of the curve in an ever-evolving landscape.   4️⃣ Positive Impact: Our solutions have made a tangible difference in the lives of thousands of employees, helping them alleviate the financial stress of student loan debt and achieve greater financial stability and peace of mind.   As we celebrate over a decade of leadership in the student loan/employee benefit space, we're more committed than ever to empowering organizations to support their employees' financial well-being and achieve their goals. 💪💼   Join us in shaping the future of employee benefits and making a meaningful impact on the lives of employees nationwide! 🌟 #StudentLoanBenefits #EmployeeWellness #FiduciusLegacy   Let's connect and explore how Fiducius can help you transform your benefits strategy for the better! 🚀✨  

A new study from the Employee Benefits Research Institute reveals student loan payments are having a negative impact on #401k employee contribution rates. With many college students set to graduate next month, here's how benefits like #tuitionreimbursement, student loan repayment plans, and financial counseling, can support employee #financialwellness and help attract talent: https://ow.ly/6mX750RmcoK #PEO #employeebenefits #financialbenefits #EBRI

Important to educate your staff on financial tools as early as possible in their careers.

This is an innovative benefit that is definitely aimed at the right target audience. I interviewed once with a firm that also offered an allowance for student loans but as a parent that would be paying loans back (Parent Plus). It still appears to be challenging to get talent in the door but retooling benefits to make a firm more attractive to a particular target audience may prove beneficial. Would this be a benefit that you would be interested in?

The clock is ticking for Employers who want to support their Employees with student loans. ⏰ 👨🎓 The Cares Act Tax Free Student Loan Benefit is set to expire at the end of 2025. The CARES Act allows employers to pay up to $5,250 toward student loans on behalf of employees without incurring U.S. federal income taxes. This benefit can significantly reduce a borrower's total debt load. So if you're an employer, now is the time to explore how you can utilize the remaining CARES Act benefits to support your workforce and bolster benefits packages. Let's make a difference in the lives of our employees! 🌟📚 #CARESAct #StudentLoanBenefit #EmployerBenefits #SupportEmployees

The clock is ticking for Employers who want to support their Employees with student loans. ⏰ 👨🎓 The Cares Act Tax Free Student Loan Benefit is set to expire at the end of 2025. The CARES Act allows employers to pay up to $5,250 toward student loans on behalf of employees without incurring U.S. federal income taxes. This benefit can significantly reduce a borrower's total debt load. So if you're an employer, now is the time to explore how you can utilize the remaining CARES Act benefits to support your workforce and bolster benefits packages. Let's make a difference in the lives of our employees! 🌟📚 #CARESAct #StudentLoanBenefit #EmployerBenefits #SupportEmployees