A high-performing employee walks into your office looking obviously distressed.
“I know I’ve been distracted at work lately,” he says, “but I’ve been incredibly worried lately about my finances.”
This surprises you because, as the HR director, you know the employee receives a competitive salary and benefits package. They receive great health insurance and retirement planning. What other financial concerns are left to stress them out?
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“My daughter is applying for college next year, and I’m not sure if we’ll be able to cover the costs once she enrolls,” he continues. “I have a friend who receives college savings benefits from his job. Do we offer anything like that?”
If you’re like many HR professionals, you didn’t even know such employee benefits existed.
That’s why Gradvisor, a benefits platform offering employees assistance planning and saving for the cost of college, created an infographic based on their research that offers HR professionals some important insights and information they need to know about how these benefits impact employees’ lives — and more importantly, how their workplace can improved by offering such.
Some highlights include:
- Only 42.2% of HR professionals say they’re extremely knowledgeable about 529 plans and college savings options for employees.
- 15.6% of HR pros didn’t even know such benefits existed.
- 43.5% of HR professionals think their employees wouldn’t be interested in college savings benefits.
- However, 70.3% of employees would enroll in the benefits if their employers offered them.