Know What Your Employees Want
Intuitive employers and business owners are always seeking to stay ahead of the curve in order to attract new employees and keep the ones they love. How can we entice a loyal workforce in a way that aligns with our company values and mission?
We can no longer deny that the times are changing, and employees’ needs are going to reflect the needs of the prevailing generation in the workforce. Millennials are in their 20s and 30s, and they have had a controversial and misunderstood streak in business strategy.
Whether or not a business owner agrees with the shift in priorities by the workforce, the facts cannot be ignored. Millennials are not following in their parents’ footsteps, and their future feels far less certain when they are dragging around massive debt.
A Heavy Burden on the Workforce
The weight of emotional and mental stress is heavy. Currently, over 43 million Americans have one or more outstanding student loan and, 1.35 trillion dollars are owed in student loans federally and privately. On average, a college graduate has a student loan balance of more than $37,000 and will be making $300 payments every month for 25 years. Many college graduates put off saving for their retirement because of this massive burden. Prospective employees will make a decision on where to work based on their ability to pay back that heavy student loan and whether or not a company is able to offer support. A student loan benefit from an employer is crucial to the majority of college graduates entering the workforce.
Reducing Student Loan Debt is the New 401(K)
So, how can an employer offer this new benefit to their employees and new hires? How can you possibly determine what it takes to reduce the burden of student loan debt when you’ve got a business to run?
The good news is you don’t have to learn a different kind of math or open a new department. Instead, you can partner with GotZoom.
GotZoom is the Way to Student Loan Reduction for Employers and Individuals
GotZoom is not a bank or a lender, but we do help college graduates achieve lower monthly payments, faster loan payoff, and loan forgiveness by working with the U.S. Department of Education.
GotZoom is a great addition for non-profits, educational institutions, corporations, and businesses big and small that want to offer an employee benefit that employees actually want and sometimes desperately need—student loan debt reduction. Employees—many of which are Millennials and college graduates—are incentivized to join your team and reassured they will be taken care of by lessening their financial burden.
GotZoom is also available for individuals seeking to reduce their student loan debt. This is a growing concern of many “newly” adults looking to secure their future. Whether you’re looking to expand your employee benefits or you’re a college graduate with crushing student loan debt, we can lend a hand. You shouldn’t have to put your life on hold or stress over something that affects the majority of the population. There is a way forward, and GotZoom can help you get there.
If you (or your business) is without legal service, use a computer for work, or struggle financially because of student loan debt, reach out to us today!