Paidly announces an expansion of its monthly employer-based Student Loan Repayment Assistance features to include Paidly On-Demand. Employers can now offer employees the option to redirect one-time payments toward student loans – with on-demand payment scheduling and limitless dollar amounts. Payments are tax-free up to $5,250 annually.
Paidly is an HR benefits solution enabling employers to attract and retain top talent with monthly Student Loan Repayment Assistance. With Paidly On-Demand, employers can expand employee options to choose direct payments for referral bonuses, recruitment bonuses, PTO conversion or any reward and recognition compensation towards their student loans.
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“Employers now have the flexibility to offer employees a unique option to redirect lump-sum payments towards student loan repayment… the employer enhances employee recruitment and retention for a win-win.”
“Employers now have the flexibility to offer employees a unique option to redirect lump-sum payments towards student loan repayment,” says John Scully, Paidly Co-Founder. “By improving employee wellness, the employer enhances employee recruitment and retention for a win-win.”
Paidly provides Student Loan Repayment Assistance to enhance the financial wellness of employees and improve employer recruitment and retention. Paidly is Student Loan Repayment Assistance made easy.
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