Sotheby's Launches New Student Loan Repayment Plan
SOTHEBYS (BID)
Last sothebys earnings: 5/2 07:00 am
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Source: PR Newswire
NEW YORK, Oct. 23, 2018 /PRNewswire/ -- Sotheby's (NYSE:BID) is pleased to announce the launch of a new student loan repayment benefit program aimed at easing the burden of employees who are part of the $1.5 trillion student loan crisis in the United States. The program will enable employees to repay their student debt – college or graduate – more quickly by supplementing their regular payments with monthly contributions from Sotheby's. "Providing a competitive overall benefits package as well as offering tailored initiatives to address the specific needs of our employees are part of Sotheby's commitment to our team and a key differentiator for us as an employer," said Tad Smith Sotheby's CEO, adding, "employee engagement and satisfaction are paramount as our colleagues are the key contributors to our success and the value we can deliver for our clients and shareholders." In the United States, the cost of education is prohibitively high with nearly 70% of bachelor's degree graduate
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