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For instance, they would prefer to allocate $61 toward the student debt and $39 toward health insurance, the AICPA found. The allocation was similar for paid time off and for tuition reimbursement. The 401(k) employer contribution also took a backseat here. New graduates would rather direct $65 toward loan repayment and only $35 toward the match.
Posted on by Stephens Health Insurance, Paid Time Off and Student Loan forgiveness top list of Millennials’ Desired Workplace Benefits: AICPA Survey
As you consider your employee benefits, you should take a look at your target audience. middle-aged and older employees are concerned more with health care and retirement, while younger employees are looking for paid time off, vacation, and health care for a budding family.
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Millennial workers and their younger colleagues just entering the workforce are. Health insurance, paid time off and student loan repayment aid-in that. by the American Institute of Certified public accountants (aicpa).. resource Management's 2019 Employee Benefits survey results, Most popular.
Currently, companies must allow employees up to 12 weeks of unpaid time off under the Family and Medical Leave Act (FMLA). This new program was designed to test the effectiveness of a paid time off approach and is set to end after 2019. State legislation
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4. Student loan repayment assistance. With soaring student fees, and thousands of young people saddled with student debt, it’s no surprise that student loan repayment assistance is a hot benefit. To attract millennials some companies are offering to reduce student debt quicker, and unsurprisingly millennials are lured to the call.
Health insurance, paid time off and student loan repayment aid-in that order-were the top three benefits identified by recent college graduates and those approaching graduation when asked what.
Health Insurance, Paid Time Off and Student Loan Forgiveness Top List of Millennials’ Desired Workplace Benefits: AICPA Survey public service loan forgiveness is available to government and qualifying nonprofit employees with federal student loans. The National Institutes of Health, for example, offers up to $35,000 in debt assistance.