Has your organization considered offering employee loans as a benefit? Given the number of people in the United States who live paycheck to paycheck, there are a lot of employees out there who are one emergency away from needing financial assistance in some form.
Many employers have opted to offer employee loans as a benefit that can help employees in case of financial difficulties. That said, there are definite pros and cons to offering employee loans. Let’s take a look at a few of each.
