mgmt

References

Catanzaro, D., Moore, H., & Marshall, T. R. (2017). The impact of organizational culture on attraction and recruitment of job applicants. Journal of business and psychology, 25(4), 649-662.

The paper describes how organizational culture influences the recruitment of job applicants. The organization's mannerisms primarily affect job pursuit and application. The study involved people answering questions based on corporate preference, job pursuit intentions, and the supportive organizational culture towards the employees. The results showed that job applicants are attracted by organizations with more employee benefits, providing an empirical basis that organizations should be more supportive of employees to increase their attraction of applicants.

This paper will help state the importance of organizational involvement in helping employees with student loans, which can be achieved by initiating programs that put them into special consideration to ease the burden on them.

Despard, M. R., Frank-Miller, E., Zeng, Y., Fox-Dichter, S., Germain, G., Grinstein-Weiss, M., & Covington, M. (2020). Employee Financial Wellness Programs: Promising New Benefit for Frontline Workers?. Compensation & Benefits Review, 52(4), 156-174. DOI: 10.1177/0886368720942371

The paper describes employee financial wellness programs, which are a recent trend among employers. It is a new benefit that is aimed at addressing the worker's financial stress. The author describes some of the programs, including saving programs, financial counseling, and short-term loans. Despite the low findings concerning the influence of these benefits, the authors used results from a national survey which showed that most employees rarely benefit from such programs because they are not specified to their needs. The study concluded that employees should assess their employees' financial needs and use them to create benefits programs to be more beneficial.

This paper is relevant to my work in that organizations can create such financial wellness programs to address student loan repayment to ease the stress on their employees. The author emphasizes how such programs will improve employee retention and ensure their financial security.

Friedman, D. (2019). Encourage Employers to Help with Student Debt. New Ideas for a Do-Something Congress. No. 11. Progressive Policy Institute.

The article encourages the government to ease the tax burdens on employers offering support to their employees to clear their student loans. The author explains how employers gain employee loyalty through such programs, describing how this gives a competitive advantage in the current workforce competition.

The article will help further explain the importance of student loan benefits in creating employee retention and loyalty. Crain Communications, Inc Investment news, a financial services publication covering all financial services and trends, advising all financial professionals, organizations, and investors with the latest market view, published the paper.

Ingraham, C. (2019). 7 ways $1.6 trillion in student loan debt affects the U.S. economy. The Washington Post. Retrieved 10 September 2021, from https://www.washingtonpost.com/business/2019/06/25/heres-what-trillion-student-loan-debt-is-doing-us-economy/?noredirect=on.

The author describes some of the effects student loans have on the working environment and the country's economy. He gives statistics to emphasize the immense burden the student loans have on the national income. The article highlights the effect the loans have on employees since their motivation is solely driven to clear the debt rather than make society a better place.

This article is relevant to my research because it will help build my introduction by showing how student loans affect people financially and in the workplace. The paper is a news article published by the Washington Post.

Scott-Clayton, J. E. (2018). The looming student loan crisis is worse than we thought.

The paper is a report analyzing data on student loans and repayment, which the Department of Education released. The paper examines the repayment and default rates on the loans. According to the report, the average debt per student continues to increase, which is more critical in profit colleges. Results showed that student loan rates are on the rise, calling for regulation of the profit sector from colleges and encouraging more income-generating programs to help repay the student loans.

The paper will help develop my problem statement on the rising issue of student loans, showing the relevance of my research.

Shubiak, P. (2020). Organizational Culture Change. Social Innovations Journal, 1.

The article describes how organizations can transition from a current state to a future desired state, primarily influenced by its culture, to support their future goals. An example is how Woods Services created an international culture to support its strategies and transformation plans. One of the significant areas included employee engagement and inclusion. It shows how an organization can shift its culture to achieve a set goal. Organizations can create programs that support people with student loans or offer financial training to help their employees. Such programs can be aimed at employee retention and raising people to managerial positions.

The paper is helpful in my study to emphasize the effect organizational cultures helping people with student loans can significantly influence employee retention and attract more job applicants, which may also help build the corporate brand.

Sparks, E. (2017). Why Bankers Should Care About Student Debt. American Bankers Association. ABA Banking Journal, 109(3), 50.

The article describes the student loan crisis and the effect it has on the markets. The author explains how currently, one of the greatest considerations when applying for jobs is employers' availability of student loan benefits. The report can help explain how organizations like banks can help their workers speed up their repayment process while building their brand name, increasing employee and customer retention.

Walsemann, K. M., Gee, G. C., & Gentile, D. (2015). Sick of our loans: Student borrowing and the mental health of young adults in the United States. Social Science & Medicine, 124, 85-93. DOI: 10.1016/j.socscimed.2014.11.02

The article covers a study to show the effects of student loans on psychological functioning, which affects the youths' life circumstances, health, and occupational choices. During the investigation, it was discovered that people who finish college with student loans are more likely to have poorer performance in the workplace and settle slower than those without. This article will help emphasize the influence of the stress caused by longer working hours to repay the loans and the effect on the employee performance.

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