EDISON, New Jersey, June 4, 2020 / PRNewswire / – PeopleStrategy, Inc.®, a full-service brokerage firm and provider of comprehensive cloud-based human resources (HR) solutions, and Peanut Butter, a leading provider of student loan assistance under form of resources and repayment plans, have come together to provide small and medium-sized businesses with one of the primary benefits sought after by academic talent.
“Our primary goal is to help our clients attract, manage and retain talent more effectively and efficiently. Being able to offer much sought after benefits such as resources and student loan repayment is another way to help our clients differentiate themselves, ”said PeopleStrategy. Director of Growth, Jim prekop. “Peanut Butter shares our commitment to supporting employers and we look forward to a long-term partnership. ”
Financial stress is real and increasing. In 2019, 69% of employees admitted to being stressed about their finances, with 72% admitting that this stress gets in the way of their work. No generation is immune to worrying about saving for retirement, making mortgage and rent payments, or paying off credit card debt. But with over 45 million borrowers collectively holding more than $ 1.5T of student loans, the number one cause of financial stress is student debt. In 2019, over 76% of employees cited student debt as the number one cause of their financial worries.
“Financial stress often leads to lower productivity, increased absenteeism and staff turnover, as well as higher healthcare costs,” said David Aronson, CEO of peanut butter. “Employers who provide student loan assistance can reduce hiring times, increase employee lifespans and improve diversity, all while having a positive impact on the financial future of their employees. By partnering with forward-thinking companies like PeopleStrategy, we can help level the playing field for small businesses when competing for top talent. “
Through its network of partners, PeopleStrategy provides access to leading companies like Peanut Butter that offer customers an expanded set of products and services to drive employee engagement and retention. From financial well-being and employee engagement to risk management and compensation planning, PeopleStrategy network partners represent the latest technologies and trends in HR. The company will continue to add strategic partners that complement its flagship human resources technology suite and comprehensive benefits brokerage services to provide a single source for employers to meet their HR, benefits and employee needs. talents.
About PeopleStrategy, Inc.
From intuitive HR software, hiring to retirement, to comprehensive benefits advice and HR services, PeopleStrategy offers employers a single source for the tools and services needed to attract, manage and retain talent. A full-service broker, PeopleStrategy works with its clients to develop a sustainable benefits strategy to meet the needs of employees, their families and the company’s financial obligations. Our HR technology suite helps clients simplify recruiting, hiring and onboarding; social charges and social charges; open administration of enrollment and benefits; time and presence; compliance, reports and more. Learn more at peoplestrategy.com.
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Contact information
Lesley Lyon, Marketing Director
Telephone: 404-410-4154
E-mail: [email protected]
About peanut butter
Peanut Butter is the Benefits Administrator for Student Loan Assistance. For small, medium, large businesses and businesses looking to engage workers and ease the burden of financial stress in the workplace, Peanut Butter is a seamless and affordable solution. Peanut Butter helps employers provide two levels of student loan assistance: Student loan resources, which provide employees with the tools they need to manage their student loans, and Student loan repayment, which allows employers to make monthly student loan contributions.
SOURCE PeopleStrategy, Inc.