Financial wellness benefits that drive employee retention

$50M+
in employee loan forgiveness
$66k
Average loan forgiveness found
30%
Lower employee turnover
Keep employees motivated with financial benefits that support success at work and home.

Give your people the benefit of PeopleJoy

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Provide

Equip your workforce with educational assistance benefits that enhances their well-being, boost productivity, and foster higher engagement.

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Support

Encourage talented individuals to advance their skills and send assistance for the secondary education of their dependents.

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Retain

Attract and retain top talent by harnessing the benefits of tax-advantaged federal programs.

Streamline

Elevate compliance and precision, amplify benefit utilization, realize cost savings, and acquire data-driven insights through PeopleJoy's streamlined benefit administration.

Statistics by Generation

Gen Z
88% of Gen Z workers say they are more likely to recommend their employer because of its education benefits.

7 of 10 have an average of $37,172 in student loan debt.

More than half of Gen Zs (51%) say they live paycheck to paycheck (up five percentage points from 2022).

*Gallup's 2023 State of the American Workplace

Millennials

45% of Millennials report they would change their job for tuition reimbursement benefits.

80% report their student loans are making it difficult to meet other financial goals.

More than one-third would like student loan repayment options added to their benefits program.

*Gallup's 2023 State of the American Workplace

Gen X
Generation X carries the highest average balance at $44,290 per borrower.

33% say paying down debt is their number one savings priority.

Nearly 33% want employers to offer financial wellness benefits with access to unbiased counselors.

*Deloittes GenZ & Millennial Survey

Baby Boomers

Baby Boomers have the second-largest amount of average student debt at $42,520.

10% have student loans but half of those say the loans are having a significant impact on their financial goals.

May be more likely to delay retirement out of financial necessity, resulting in higher labor costs for employers.

*Deloittes GenZ and Millennial Survey

Only 2% - 5%

Only 2% To 5% of employees utilize tuition assistance programs.

Only 8% of employers currently offer student loan repayment assistance.

Public Service Loan Forgiveness has had a historical 99% rejection rate.

70% of parents say they are worried about financing their kids' college expenses.

Its not just about knowing it works....

Increased recruitment
Improved employee retention
Tax savings
Talent development
Employee Engagement

It's about fostering Positive Change

HR professionals spend about 73.2% of their time tending to tedious administrative tasks —time that could be much better spent on priorities like strategic planning and employee engagement.

PeopleJoy's White Glove Service provides a dedicated representative to ensures seamless communication with you, the employer, managing deadlines, handling administrative tasks and engaging your employees for heightened awareness. We keep track of KPIs around utilization, engagement, and retention.

Schedule a demo

See what employees say

PeopleJoy is an appropriately named company. It has brought ‘joy’ to many people like me by helping us through the maze of forms and paperwork to secure student loan forgiveness.

Pastor Dale Southorn

Board of Pensions

Words cannot express my gratitude for the team at PeopleJoy and would highly recommend anyone with a student loan reach out to their teams for a consult. PeopleJoy made something that is widely known to be challenging.

Sara Townsend

CHOP

PeopleJoy really works! I would not have been able to navigate the byzantine world of PSLF without the expertise and efforts of their team.

Jeff Birou

CHOP

“PeopleJoy provided a place for me to get the most current information in a clear concise way and the ability to keep all of my documents in one place.

Michele Dew

ESSC

I am thrilled to share that I just received word that all $87,000 of my student loan debt has been forgiven. I feel like I won the lottery!! My PeopleJoy representative was very helpful.

Chambrel Jones

University of Pennsylvania

My employer offered services from PeopleJoy as an employee benefit, which I immediately took advantage of to help me navigate the PSLF program.

Christina Butler

Mastery Charter