The program offers contributions of $50 per month to qualifying full and part-time employees.
“Employee retention is a top priority for 2020, and our new student loan repayment program is a demonstration of our commitment to be an employer of choice and provide competitive benefits.”
“As we enter a new decade and continue to look for ways to empower our frontline, we must also look at the services we provide to our employees,” said David Dart, chief human resources officer. In response to this alarming trend, Terminix, a leading provider of residential and commercial termite and pest control, and a ServiceMaster company (NYSE: SERV), launched a student loan repayment program to alleviate the financial burden of current employees but also to set the employer apart when recruiting new talent. More than 45 million Americans across all age groups, job titles, and industries are heading into the new decade with nearly $2 trillion in student loan debt. Federal Reserve, student loan debt second highest form of debt in the U.S., second only to mortgages.
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