High-performing millennial employees

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Question

You are the Director of Compensation and Benefits of a publicly traded organization. Yesterday, the Chief HR Officer confided to you that she is concerned about the increasing difficulties the company is having in retaining high-performing millennial employees. She intends to present a proposal to the CEO and COO outlining a new total rewards system to increase retention among this employee group. Part of the proposal will include recommendations for a revised offering of discretionary benefits. She has heard about a new benefit offering in other companies - student loan repayment. However, she does not know any specifics about this potential benefit. In order to finalize the new total rewards mix, she needs to have a clear understanding of the potential advantages and disadvantages of offering this discretionary benefit to all employees. The Chief HR Officer has tasked you with preparing a white paper that details specifics about a student loan repayment benefit, as well as potential advantages and disadvantages for the company offering such a benefit to all employees.

Reference no: EM133782222

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