Confronted by a tight labor market and ever more indebted applicants, about 4 percent of big companies surveyed by SHRM say they're helping their employees repay their loans with cash payments. (Photo: Shutterstock)
Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days.
The new perk is a creative twist on an increasingly popular benefit. Confronted by a tight labor market and ever more indebted applicants, about 4 percent of big companies surveyed by the Society for Human Resources Management say they're helping their employees repay their loans with cash payments of up to $250 a month.
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