A few weeks after Advance Financial made the announcement that a new student loan repayment option was added, the company decided to also add paid leave for new parents as one of the benefits.
Men & women employed for more than 12 months are eligible to six consecutive weeks of paid leave following the birth or adoption of a child.
Twelve employees have benefited from this so far. And seven more will be taking advantage of the program very soon.
"The birth or adoption of a child is a big milestone," said Tina Hodges, CEO & CXO of Advance Financial. "We want to support our employees through each of life's milestones and we are happy to provide the parents of the child to stay at home with the newest addition to their families."
This program was launched with a student loan repayment program in which Advance Financial will repay up to $12,000. This program is offered through Gradifi which includes options for employees to consolidate or refinance debt and also provides counselling on how to eliminate the rest of the debt.
Other benefits include paid time to volunteer, an onsite nurse and 401(k) matching plans.
Advance Financial is one of the latest companies to add parental leave.
Founded in 1996, Advance Financial is a leading FinTech company based in Nashville, Tennessee. With more than 100 stores in Tennessee and online services in 12 states, Advance Financial provides fast lending decisions on line of credit loans and other financial services, 24/7/365. Recent recognition includes 2018 Inc. 5000 fastest growing private companies (7 straight years); A+ rating by the Better Business Bureau; Nashville's 4th fastest growing company (2018, Nashville Business Journal); Forbes Best Employers for New Graduates (2018); and, Indeed Top-Ranked Workplace for Compensation/Benefits (2018). For more, visit https://www.af247.com.
Original Source: Benefit News
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