This episode features Emeka Oguh, CEO at PeopleJoy. Here, he discusses PeopleJoy, a service for talent recruitment, how he uses student loan forgiveness programs as an incentive to attract & retain talent, and more.
Summary
Emeka Oguh Discusses PeopleJoy and Student Loan Forgiveness Programs
In this episode, Emeka Oguh, CEO at PeopleJoy, discusses his company's service for talent recruitment and how he uses student loan forgiveness programs as an incentive to attract and retain talent.
PeopleJoy's Mission
Emeka Oguh is the founder of PeopleJoy, a company that helps employers provide student loan relief to their employees. The company helps employees qualify for federal public service loan forgiveness programs, turning the 99% failure rate into a 100% acceptance rate. By providing student loan relief, employers are better able to attract and retain talent.
The Benefits of Using PeopleJoy
PeopleJoy charges employers a flat fee based on the number of employees they have, which provides them with an estimated 25x return on investment due to the amount of employee loan forgiveness. It's a unique benefit that caters to employees' needs while also providing employers with measurable returns.
Addressing the Gender Wealth Gap
Two-thirds of student debt is owed by women, who often come out of school with more debt and less pay than their male counterparts. Emeka Oguh recommends that health systems and employers look for unique benefits that cater to their employees' needs, as well as tap into free money that their employees are eligible for. By addressing the gender wealth gap, organizations can help shrink the overall wealth gap between white and black households.
Student Debt Solutions
Student debt can cause a lot of financial and mental stress, and providing equitable solutions to reduce it can help people reach financial stability. Solutions to address the gender wealth gap and racial wealth gap can be found in student debt solutions, and PeopleJoy is leading the way in providing employers with a way to support their employees in this area.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 12/19/2022 and can be listened here.
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