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Student Loan Repayment 101: The Lowdown on 2020’s Hottest Employee Benefit

PlanSource

They key to these programs is that the employer contributions are applied directly to the loan principal , which will help employees chip away at the balance and pay off their loans faster. Most employers pay the benefit monthly , though you could also choose to offer the payment quarterly or annually depending on your preference. .

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Compensation and Benefits

Analytics in HR

Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Compensation is the money an employee receives in exchange for their labor, which could be a salary, wages, commission, and bonuses.