Under the programme, which is set to begin in early 2024, U.S.-based employees and new hires that meet eligibility guidelines will be able to receive a tax-free, lifetime total of $28,500 toward their student debt, enabling employees to pay off their loans faster and at lower out of pocket expenses.
The programme is open to all U.S. employees that have qualified student loans for all degree types and credit-based certificate programs offered by U.S. universities and colleges.
“The blueprint for tomorrow’s innovations is directly linked to the talent we cultivate today,” says GloFo CEO Tom Caulfield.
Other benefits include tuition reimbursement for employees pursuing undergraduate and graduate degrees, fully paid parental leave (twenty weeks for birth parent and 12 weeks for non-birth parent), employee fitness stipend to promote good health, and childcare subsidy towards dependent care.
In addition, differentiated leadership development programmes are also offered which include on-the-job training, including a certified apprenticeship program, mentorship and other professional development opportunities.
