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A college town is a unique place to live and work. It’s a vibrant, academic community filled with bright minds and a sense of shared purpose. But for many higher education staff members, this environment comes with an unspoken financial reality.
While the campus is a hub of opportunity, the surrounding area often brings a higher cost of living that makes it challenging to keep up. This burden is even heavier for those still managing their own student loan debt.
The Impact on Individuals and Institutions
The strain of a higher cost of living and student debt creates a constant financial pressure on higher ed staff. This stress extends far beyond individual households and impacts the entire institution.
Financial insecurity can lead to burnout and a direct decrease in work productivity. It also contributes to staff turnover, a problem seen in critical roles that are hard to fill.
When employees are worried about their finances, it’s nearly impossible to sustain high levels of employee engagement, which is essential for a thriving campus community.
Exploring Modern Solutions for Financial Wellness
The outdated monthly paycheck model is no longer enough to meet today’s financial challenges. Staff need
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