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Student Debt Roundtable: How Organizations Need To Adapt

BY -

Phil Strazzulla

June 19, 2019

Wall graffiti protesting student debt

This morning we met with David Chang, CEO of Gradifi, Andy Porter, Chief People Officer at Broad Institute, and Jackie Crain, Senior Manager of Total Rewards at Suffolk Construction at the Gradifi offices in Boston to discuss the student debt crisis. As local people operations leaders, they had a lot of interesting things to say about the mounting issue of student debt and the role that people teams and employee rewards programs are playing in this complex issue. Our notes from the conversation, along with the full video, are below.

The Trap of Student Debt

For many students, looming student debt forces them to make different decisions about their career. Whether they have a specific career path in mind or not, many recent grads find themselves giving up an attractive job for one that ensures them financial security. Having this financial burden makes students more likely to avoid risk even if it means turning down a job they want. With millennial and Gen Z employees who are not passionate about their work, many companies are facing high employee turnover for this demographic.

This morning we met with David Chang, CEO of Gradifi, Andy Porter, Chief People Officer at Broad Institute, and Jackie Crain, Senior Manager of Total Rewards at Suffolk Construction at the Gradifi offices in Boston to discuss the student debt crisis. As local people operations leaders, they had a lot of interesting things to say about the mounting issue of student debt and the role that people teams and employee rewards programs are playing in this complex issue. Our notes from the conversation, along with the full video, are below.

The Trap of Student Debt

For many students, looming student debt forces them to make different decisions about their career. Whether they have a specific career path in mind or not, many recent grads find themselves giving up an attractive job for one that ensures them financial security. Having this financial burden makes students more likely to avoid risk even if it means turning down a job they want. With millennial and Gen Z employees who are not passionate about their work, many companies are facing high employee turnover for this demographic.

How is your organization changing due to student debt?

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