EMPLOYER

Recruitment is tough, and turnover is costly. Student loan repayment is a powerful way to attract and keep the best talent. Vault makes it easy and cost-effective to gain a crucial advantage in hiring and retention.

Our first 12 months with Vault Pay have been a hit. It’s a highly talked about benefit among our staff and their platform helps our benefits team streamline things. Ease of use has been fantastic and the staff impact makes it even better.

MATT SILVERNESS
HR Director, Northwood Children’s Services

HOW VAULT HELPS

01

Debt is crushing today’s workforce. Vault empowers you to help your employees achieve financial freedom, attacking debt from multiple angles:

  • Vault Advisor: We model customized payoff plans based on employees’ actual loans and offer 1:1 advising for employees.
  • Vault Pay: We power flexible employer student loan ongoing contributions or one-time rewards to drive employee engagement.
  • Vault Match: We make it easy for employers to allocate unused 401(k) dollars toward employees’ student loan debt.

We love data. Vault provides impact reports that track key metrics, so you can measure adoption and optimize your plan for maximum impact.

 

01 

Activity and engagement updates

02

Company-wide and average employee debt load

03

Average employee impact

HONEST ROI

02

Employees who feel valued by their companies stay longer, which saves money in the long run. Student loan repayment is a popular complement to existing benefits: up to 90 percent of young workers say they would commit to an employer for five years if they received help paying for their student debt.

SEE HOW VAULT HELPS YOU DRIVE DOWN COSTS RELATED TO EMPLOYEE TURNOVER:

$50

Monthly Contribution

5

Retained Employees

304K

Per Year Saved

201%

Return on Investment

$50

Monthly Contribution

5

Retained Employees

304K

Per Year Saved

201%

Return on Investment

THE COMPETITIVE EDGE

03

Top companies compete on salary, insurance, vacation time, and office perks. With Vault, you can stand out with a flexible, modern benefit. It’s not ERISA constrained, so you can structure the benefit to target certain departments that are struggling with retention issues or offer it across the board. Vault is available at a fraction of the cost of other comparable benefits.

Vault helps HR teams overcome one of their biggest challenges: turnover.

DEPENDING ON INDUSTRY, A COMPANY’S ANNUAL TURNOVER RATE CAN EXCEED 25%, WHICH MEANS:

Each year, a 1,000-person company would need to hire 250 New Hires

250 New Hires

The average cost-per-hire can be as high as $5,000

$5,000

Losing those employees would cost the company between 1.5-2x annual salary

1.5 – 2x Salary

Reducing turnover just 5% can save your team more than $1 million annually