Bright Horizons EdAssist Solutions Launches Low-Cost Education for Employers to Offer Workers Furloughed as a Result of the COVID-19 Pandemic
Nation’s leading provider of education benefits to the Fortune 1000 allows employers to provide low-cost college courses, training and financial wellness coaching
“The economic fallout from the pandemic has resulted in the displacement of millions of workers. But it also presents an opportunity to re-invest in those who have been furloughed, to ensure that they are equipped for higher wage roles – and career advancement – when the economy recovers,” said
Research from the Bright Horizons 2019 Working Learner Index shows that employers who deploy education benefits are more likely to retain engaged and loyal workers. This expands to the unexpected furloughed population, where employers are looking to stay engaged, maximize return-to-work rates and add valuable skills for furloughed employees during this downtime.
Donovan adds, “Another option for employers to support their current and furloughed employees during this time is to contribute on a pre-tax basis to their employees’ outstanding student loan debt. This new pre-tax treatment of student loans was added to the existing pre-tax treatment of tuition payments through the CARES Act. We are uniquely positioned to help employers since Bright Horizons EdAssist Solutions has been supporting both student loan and tuition programs in this way.”
Bright Horizons provides workplace employee services to more than 1,100 employers across the world, including education benefits like education assistance program development and management, education advising, and student loan repayment programs available to over 7 million client employees. For more information please visit https://www.brighthorizons.com/edassist-solutions.
Bright Horizons is a leading global provider of high-quality child care and early education, back-up care, and workplace employee services. For over 30 years, Bright Horizons has been a champion for working families, designing and providing innovative solutions to help families, employers, and their employees better address the challenges of balancing work and family life. Operating approximately 1,100 child care centers in