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Sponsor Spotlight BY Tabitha Cabrera | April 03, 2025

Student Debt in 2025: Essential Benefits for Recruiting and Retaining Top Talent

The student debt landscape has undergone rapid change in the past four years, with new repayment options, proposed forgiveness programs and further shifts anticipated under the new presidential administration. According to BestColleges, public college tuition increased an average of 5% a year between 2001 and 2021. During a From Day One webinar, John Harold, head of sales and partnership success at SoFi at Work, shared the big picture of student loans, the student debt crisis, and how that’s affecting employees. SoFi at Work is a division of SoFi, a company known for pioneering student loan refinancing and being a one stop shop for your financial needs. “Student loans are now at $1.7 trillion, a crisis in the United States, with over about 25% of Americans holding student debt,” said Harold, making the topic especially pertinent. As the workforce not only accumulates more student debt for degrees and advanced degrees, student debt programs can have a large factor in which position to take. “62% of private sector employees indicate that student debt influences their job decision,” said Harold. Additionally, “56% of employees spend three or more hours a week thinking about their finances, including student debt, and then, 36% of employees with student debt are less likely to remain with their employer than those without student debt, meaning if you have student loans, there’s not some sort of benefit, you’re less likely to stay if you don’t have student debt,” he said.The workforce is not unfamiliar with student debt associated with higher paying salaries within industries but even with the enticement of higher paying salaries through education student debt often becomes a great concern when seeking employment and staying within an organization. Employer Help With Student DebtHarold outlines four things employers can do to support their employees with student debt. The first is education, “giving employees access to guides, articles, webinars, with areas for them to ask questions.” The landscape of student loans is consistently changing, and employers can provide updates to their employees to keep them informed about the rapid changes in the student loan policies. Harold of SoFi spoke with journalist Emily McCrary-Ruiz-Esparza (photo by From Day One)Second is advice, and third is navigating student debt, Harold says. Providing counseling around student debt, such as talking to a student loan specialist. Sometimes the most impactful conversations are those that provide a variety of answers to a hard pressed question, like ‘What should I do with my student loans? Which payment plan is right for me?’ The fourth step is refinancing. Saving money whenever possible, whether by refinancing your student loans, consolidating them, or securing better terms, is essential.Often student loan borrowers are released into the workforce not fully understanding the options in front of them regarding payment plans, reimbursement, and loan forgiveness, employers can bridge the gap by providing resources to their employees. Offering Student Loan BenefitsLooking at the objectives of the company can provide the answer to these questions, says Harold. “We can help you evaluate student debt within your workforce, and then based on that you know, what are your objectives?” Companies can look at if they are having trouble recruiting a specific population or retaining a specific population, or do you want to just offer broader financial or student debt and financial well-being benefits. The percentage of companies offering student loan repayment benefits has doubled, jumping from 17% to 34% by the end of 2023, according to research. Currently, employers can offer up to $5,250 combined in tax-free student loan repayment and tuition assistance per employee through 2025, with the Consolidated Appropriations Act. Student loan repayment can create a strategic advantage that helps strengthen employee loyalty. The amount of changes in student loan repayment options, changes in the governmental role, rising cost in education, and gravity of stress related to finances provides an avenue for employers to harness benefits for employees that center around the mounting financial concerns including student loan payments. “Student debt is worsening and employees need help now. The government is incentivizing employer action and reducing support directly to borrowers” Harold said, encouraging employers to take action. “Companies that are offering student debt benefits gain an advantage in recruitment and retention–and SoFi makes it simple,” he said.Editor's note: From Day One thanks our partner, SoFi, for sponsoring this webinar. Tabitha Cabrera, Esq. is a writer and attorney, who has a series of inclusive children's books, called Spectacular Spectrum Books.(Photo by Inna Kot/iStock)

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Sponsor Spotlight BY Emily McCrary-Ruiz-Esparza | March 31, 2025

Modernizing Your Hourly-Worker Hiring Strategy for the TikTok Generation

Twenty-five-year-olds aren’t the only members of the TikTok generation, says Pete Sanidas, head of enterprise at JobGet. “We’re talking about the portion of the population that has become accustomed to and dependent on the algorithm on the ‘For You’ page. It’s the idea that my individual interests, experiences, behaviors, and intentions are delivering me the content that I want to consume.”Get into the groove of a good algorithm and boom, “all of a sudden you have a new hobby, you have a new interest, you made a new purchase that you weren’t planning to make. That’s the TikTok generation,” he said during a From Day One webinar about “Modernizing Your Hourly-Worker Hiring Strategy for the TikTok Generation.”Social media platforms have mastered the art of engaging users with content they never knew they wanted. Why can’t employers do the same thing? That’s what Sanidas is trying to do with JobGet, a job search app for hourly employees.For years, job boards have given job seekers the same starting point: two blank search bars for job title and location. But job seekers seldom fill out that second field, Sanidas says. Because they don’t want to be limited. They’d rather explore what’s available. He believes they’d rather find a good algorithm.If you know about their experience, their day-to-day life, their responsibilities, their compensation needs, and the locations where they want to work, “you can very much match the right kinds of jobs to the job seekers by pushing them to the ‘For You’ page, as opposed to having them come to a blank box and just say, ‘show me what you got.’”Everyone Recruiter’s Least Favorite Problem: Finding Quality Over Quantity Employers are prone to stigmatizing hourly workers, said Sanidas. He often hears companies complain about the old stereotype of quantity over quality. But once you start probing, you may find that a recruiter’s measure of “quality” is simply whether the candidate responds to the recruiter’s first outreach. He said that what those companies fail to consider is their part in the exchange.Pete Sanidas of JobGet led the webinar (company photo)“That becomes a mirror test,” he said. “Look in the mirror. What kind of experience have you provided for those candidates prior to you reaching out to them? Have you let days or weeks go by? Did you ask them to jump through a lot of redundant hoops?”Candidates are most likely to drop out between application and first outreach from the employer, “particularly in large-scale environments that are working with a large amount of technology and have some pretty cumbersome or mature processes.” It’s typically because that job seeker has found a company that was quicker to respond–and refused to subject them to unnecessary technological hurdles.“Outreach is something more than the automated acknowledgement of application received,” he said. It’s actually contact from a recruiter asking to schedule a phone screening or a call with the hiring manager. Fix that leaky pipe and get quality applicants in front of hiring managers as quickly as possible. Understanding the Hourly WorkforceSomething Sanidas has learned in 25 years of talent acquisition is that young young does not equal inexperienced. “The oldest Gen Zers are 27 years old. By definition, if they’re in the hourly or everyday worker category, they could have 10 plus years of work experience.” And when it comes to most hourly roles, like warehousing, retail, and hospitality, experience starts to compound at two to three years. An employee with a decade of experience is invaluable. Across jobs in the hourly work space, there are some specialized roles, but the overwhelming majority require the same core skills: communication, interpersonal skills, and the ability to use internal operating systems (like point-of-sale or inventory management software). Finding the right candidates isn’t so much about skills as it is about whether the opportunity fits the needs of the worker: Is it commutable? Does it pay enough? Does it fit with their schedule? Compensation and location are consistently the most important factors for everyday workers, he said. “Quality candidates appreciate being able to find those matches very quickly and easily,” yet employers don’t always make that information available or ensure it’s accurate.Some employers try to hide from the less-than-ideal parts of their open roles, but “we’re living in a world where it’s harder and harder to hide. So let’s just be real with ourselves.” If you’re not offering the best compensation in your area, don’t omit or inflate it in the job description. And put the actual location of the job, not a zip code or metro area. A five-mile commute in Richmond, Virginia, may be comfortable. A five-mile commute in Los Angeles may not.“Get your non-starters front and center,” he said. Those might be reliable transportation or two years of experience with a unique skill. “Get the big, hairy uglies that you know about your opportunity out there.” Put them in knockout questions so job seekers can move on, and so can you.Ask yourself, “Am I making this easy for qualified talent to easily get connected with my hiring managers and vice versa? Is it easy for my hiring managers to quickly get in front of the quality talent, because in the hourly space, that’s the evaluation you want taking place as quickly as possible.”Keep job descriptions brief and easy to read. Use bullet points and lists. Don’t clog it up with exhaustive boilerplate about the company. “It’s hard to tell the difference between one job description and the next, because really, what you’re looking at is that tiny little slice in the middle that differentiates.”And follow the right metrics. “Cost per click, cost per apply–those are vanity metrics. I can deliver you a really great cost per apply of unqualified candidates that never end up as hires, and that’s not doing your business any good.” Cost per hire is a better starting point, he said. “The most advanced organizations solving for this are going even further and creating their own equations around cost per candidate acquired that we retained over a period of time. If you continue to have really high turnover because of your talent attraction strategy, you’re just making more work for yourself tomorrow.”Editor’s note: From Day One thanks our partner, JobGet, for sponsoring this webinar. Emily McCrary-Ruiz-Esparza is an independent journalist and From Day One contributing editor who writes about business and the world of work. Her work has appeared in the Economist, the BBC, The Washington Post, Inc., and Business Insider, among others. She is the recipient of a Virginia Press Association award for business and financial journalism.(Photo by jakkapant turasen/iStock)

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What Our Attendees are Saying

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“The panels were phenomenal. The breakout sessions were incredibly insightful. I got the opportunity to speak with countless HR leaders who are dedicated to improving people’s lives. I walked away feeling excited about my own future in the business world, knowing that many of today’s people leaders are striving for a more diverse, engaged, and inclusive workforce.”

– Jordan Baker, Emplify
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“Thank you, From Day One, for such an important conversation on diversity and inclusion, employee engagement and social impact.”

– Desiree Booker, ColorVizion Lab
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“Timely and much needed convo about the importance of removing the stigma and providing accessible mental health resources for all employees.”

– Kim Vu, Remitly
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“Great discussion about leadership, accountability, transparency and equity. Thanks for having me, From Day One.”

– Florangela Davila, KNKX 88.5 FM
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“De-stigmatizing mental health illnesses, engaging stakeholders, arriving at mutually defined definitions for equity, and preventing burnout—these are important topics that I’m delighted are being discussed at the From Day One conference.”

– Cory Hewett, Gimme Vending Inc.
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“Thank you for bringing speakers and influencers into one space so we can all continue our work scaling up the impact we make in our organizations and in the world!”

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“From Day One provided a full day of phenomenal learning opportunities and best practices in creating & nurturing corporate values while building purposeful relationships with employees, clients, & communities.”

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“We always enjoy and are impressed by your events, and this was no exception.”

– Chip Maxwell, Emplify
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“We really enjoyed the event yesterday— such an engaged group of attendees and the content was excellent. I'm feeling great about our decision to partner with FD1 this year.”

– Katy Romero, One Medical
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“The From Day One Conference in Seattle was filled with people who want to make a positive impact in their company, and build an inclusive culture around diversity and inclusion. Thank you to all the panelists and speakers for sharing their expertise and insights. I'm looking forward to next year's event!”

– Kayleen Perkins, Seattle Children's
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“I had the pleasure of attending From Day One. My favorite session, Getting Bias Out of Our Systems, was such a powerful conversation between local thought leaders.”

– Michaela Ayers, Nourish Events
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“Inspiring speakers and powerful conversations. Loved meeting so many talented people driving change in their organizations. Thank you From Day One! I look forward to next year’s event!”

– Sarah J. Rodehorst, ePerkz
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“I had the distinct pleasure of attending From Day One Seattle. The Getting Bias Out of Our Systems discussion was inspirational and eye-opening.”

– Angela Prater, Confluence Health
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“From Day One did an amazing job of providing an exceptional experience for both the attendees and vendors. I mean, we had whale sharks and giant manta rays gracefully swimming by on the other side of the hall from our booth!”

– Joel Stupka, SkillCycle
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“Last week I had the honor of moderating a panel on healthy work environments at the From Day One conference in Atlanta. I was so inspired by what these experts had to say about the timely and important topics of mental health in the workplace and the value of nurturing a culture of psychological safety.”

– Alexis Hauk, Emory University