For some young employees, the most important benefit an employer can offer is not health care or 401K matching, but student loan repayment assistance. Companies are pursuing the option to lure millennial employees.
Stephen Dash is the Founder and CEO of Credible.com, a company that helps consumers and companies manage loan repayments and refinancing. Credible.com helps companies facilitate these new benefits packages.
Dash explains that benefits like these help young workers in the short run. According to an American Student Assistance poll of workers age 22 throgh 33:
86% of millennials would commit to an employer for 5 years if the company helped pay back their student loans.
93% of young workers would take advantage of a sign-on bonus targeted at paying back student loans.
92% would take advantage of a match for student loan repayments similar to a 401(k) match.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
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Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Citi told most of its employees that they could work from home at the end of the month, according to CNBC.
Chobani paid $900 million to purchase ready-to-drink coffee maker La Colombe.
Kerri Quigley, founder of The Fashion Class, spoke with Cheddar News on how to make an ugly sweater on a budget.
With Christmas only 10 days away, some kids may notice that there's a lot of spending going on this holiday season. Dr. Regine Muradian, licensed clinical psychologist, joined Cheddar News to provide tips on how to teach kids the value of gifts and money.
It appears that people are cutting back on tipping with gratuity requests spreading far beyond bars and restaurants.
