recruiting-retaining-and-engaging-millennials-student-loan-repayment-options

Recruiting, Retaining and Engaging Millennials: Student Loan Repayment Options

Pre Recorded

  • 60 minutes

The concept will be a high level overview of options students have in assisting individuals pay back student loans, which can have a positive effect at recruiting, retaining and developing talent from within. We will cover millennial turnover and employee engagement.

The presentation will be centered on the student loan debt crisis throughout the country, the impact it has on your employee’s, the proactive approach you can have in addressing the student loan debt within your workforce, programs now being offered in both the public and private sector and other alternatives other than paying back your employee’s student loan debt. 

Key Focus of the Conference:

  • Overview of the Student Loan Debt Issue Effecting Millennials.

  • Student Loan Repayment Perks: What are they?

  • How they can affect your organization? Recruiting, Retention, Growing and Developing Leaders.

  • Alternatives: Student Loan Debt Consolidation, Budgeting Courses, Student Loan Consolidation Assistance Program.

  • Other trends that have impacted student loan repayment: State Relocation, Country Relocation, and Working for the Government. Covering each in detail.

  • Highlight the perspective on where we go with student loan debt.

Audience Incentive:

The incentive is to understand new trends in perks and benefits offered, the impact it has on the organization, the impact it has on employees and how we can address these issues proactively vs. reactively.

Definitions of student loan debt and company benefits:

  • What is the new benefit? How will it benefit your organization?  Why is it important?

  • A brief overview of the student loan debt accruing in the country.

  • Organizations currently offering incentives and what these plans currently look like. 

Alternative options that are being offered:

  • Relocating to one of fifty counties in Kansas could save a student up to $15,000.00 student loan debt.

  • Relocating to Niagara Falls, New York could save a student up to $7,000.00 in student loan debt.

  • Relocating to Saskatchewan, Canada could save a student up to $20,000.00 in student loan debt.

Alternative options to reducing the student loan debt burden include:

  • Working as a public-school teacher in a federally designed low-income secondary school or five years as a special education teacher at a federally designated low-income elementary or secondary school can reduce loan debt up to $17,500.00.

  • Working as a federal, state or local government agency for 10 years, could eliminate the remainder of the debt balance.Work for the public good; social workers for families in low-income and high risk areas, law enforcement and corrections officers, firefighters, emergency medical technicians, public defenders and nurses all have the opportunity to reduce or have all Perkins loans forgiven.

  • Join the Peace Corps or AmeriCorps and you might qualify for 70% of your student loans to be forgiven.

Sample Tips and Documents:

  • A sample policy or recommendation will assist the organization design and develop a new perk for their workforce.

  • The tips will assist them in gathering new knowledge about a growing trend in organizations to ensure they are offering the same perks to recruit and retain younger talent. 

  • The information provided will also enlighten them on the growing concern in the United States and how we as organizational leaders can proactively address it with assisting our employees in student loan perks.

Who should attend this event?

  • Human Resource Professionals and Executives

  • Human Resources Business Partners

  • Employee Benefits Professional

  • HR Managers, Directors, VP's, Associates etc.

  • Business Owners

  • Any other party that is directly involved in designing policies and perks for their respected organization

Other Information:

The aforementioned presentation has been submitted to the New York State Society of Human Resources Management State Chapter to be presented at the annual conference in September 2016. The program information is also in essay format that has been submitted to the Cornell University Human Resources Review Committee to be published through Cornell University. 

Matthew Burr

Matthew Burr

Matthew Burr is a SHRM Certified Exam Instructor and co-teaches the SHRM Exam Prep Course at Elmira College. He is an Adjunct Professor at Corning Community College and Elmira College; teaching Organizational Behavior and Effective Negotiations, along with developing curriculum for a Workplace Readiness course. 

Matthew holds a master's degree from the University of Illinois, School of Labor and Employment Relations in Human Resources & Industrial Relations, a Lean Six Sigma Green Belt certification, both the SPHR and SHRM-SCP, a bachelor's of science degree from Elmira College and an associate's degree in Business Administration from Tompkins Cortland Community College.  He has also made publications at the Cornell HR Review and Business Insider.

Matthew has several years of experience working in the human resources field and has founded a human resources consulting company; Burr Consulting, LLC. He started his career as an Industrial Relations Intern at Kennedy Valve Manufacturing.  Matthew is currently working towards a master’s degree in business administration through Syracuse University.

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