Vault.co

Benefits for a modern workforce | We're a #fintech / #hrtech startup tackling the #studentloan crisis.

[Vault.co @vaultbenefit]

We're hiring in Marketing and Operations! Must love dogs, must love conquering the student debt crisis: https://t.co/evmdW3GGpG

[The Indispensables Podcast @goto_podcast]

Compassionate people:
- Ask for what they need
- Say 'no' when they need to
- Say 'yes' only when they mean it
- Enforce boundaries with others

Hear the rest of Romy Parzick's thoughts on compassionate leadership on The Indispensables: https://t.co/psM3jBY4IH

[The Indispensables Podcast @goto_podcast]

“I’ve always been someone who asks the hard questions, who views feedback as an act of compassionate leadership.” -- Romy Parzick
https://t.co/aDFpox4r9U

[Sharon Epperson @sharon_epperson]

If employers help pay off their employees' student loans, how quickly could that debt be wiped away? https://t.co/5vFi0xeylk #InvestInYou @cnbc @acorns
#StudentDebt #DebtDivide #RacialWealthGap
@NewYorkLife @Prudential @MGMResortsIntl @Voya @vaultbenefit @SHRM @FenabaAddo @UNC

[Vault.co @vaultbenefit]

From health coverage to 401(k)s to pet insurance, we can trace a clear evolution in benefits being offered to works, from the 1940s to today. And #StudentLoan repayment should be next.https://t.co/WDC9iY06rP

[Vault.co @vaultbenefit]

#DidYouKnow: The #Student loans delinquency rate is 10.85%.

Meanwhile, the same rate for auto loans is 4.69% and 8.32% for credit cards.

Something needs to change.

Learn how #HR can be part of the solution at https://t.co/lzYuLnQJQI

[Vault.co @vaultbenefit]

Privat #studentloans don't act like federal loans, and they don't have all the same options.

For example, not all private student loan lenders offer IDR plans, so you’d have to talk with your lender to see if a similar option exists for you.

[Vault.co @vaultbenefit]

Student loans affect more than #Millennials and GenZers.

A report from the Association of Young Americans (AYA) and AARP showed that 31% of baby boomers stoped saving for retirement due to #StudentLoans.

Learn how #HR can be the solution. Learn more at https://t.co/0FFhZxMP6t

[Vault.co @vaultbenefit]

Depending on the industry, a company's yearly turnover can be over 25%.

In other words, each year, a 1,000-person company would need 250 new hires.

Reducing turnover just 5% can save your team more than $1 million annually.

Learn more at https://t.co/OPJhiJkYZ1

[Vault.co @vaultbenefit]

The current racial disparity in the #StudentLoan crisis results in a wider wealth gap, which in turn has effects on the overall economy. https://t.co/ZZxre3w3Da

[Vault.co @vaultbenefit]

According to a Price Water Survey:

37% of employees spend at least three hours per week worrying about personal finances.

#StudentDebt is part of that. Learn how you can help your employees at https://t.co/napVCdIjol.

#HR #smallbusiness

[Vault.co @vaultbenefit]

#DidYouKnow:

7% of borrowers with #StudentLoans owe more than $100,000.

[Vault.co @vaultbenefit]

According to a report by Young Invincibles, the debt-to-income ratio of an average borrower with #StudentLoan debt has increased from .43 to .49 since 2002.

This change has caused more people to be disqualified for first-time home mortgages.

[Vault.co @vaultbenefit]

Did you know that losing employees can cost the company between 1.5-2x their annual salary?

Learn more about how #HR can reduce turnover at https://t.co/eyree5B9TI

[Vault.co @vaultbenefit]

How can #HR cure the turnover epidemic? Find out here:https://t.co/X6sfH2ZCcg

[Vault.co @vaultbenefit]

Having turnover problems?

A study from Intuition found that 75% of student loan borrowers said they would prefer to work for a company if they offered #StudentLoan assistance.

#HR

[Vault.co @vaultbenefit]

There are many advantages to an Income-Based Repayment (IBR) plan for #Student Loans. You can adjust payments when your family size or income changes.

The downside is that you can end up paying back more due to unpaid interest.

[Vault.co @vaultbenefit]

#DidYouKnow: 40 million borrowers have taken out #StudenLoans. About 7 million of them have defaulted on their #debt.

[Vault.co @vaultbenefit]

90% of young workers say they would stay with an employer for five years if they received help paying for their student debt.

Would you?

[Vault.co @vaultbenefit]

Do you know these movers and shakers working to end the #DebtCrisis? https://t.co/jtmZnLKDdu

[Vault.co @vaultbenefit]

49% of employees prefer student loan contributions from employers to retirement plans. What's changed? Find out here: https://t.co/RmaAffVFJb