Employee Debt Repayment Benefits
Make a Difference
4 of 5 Canadian workers worry about finances at work.
Marmot provides employer-sponsored plans to assist with the repayment of a student loan or residential mortgage.
What are Debt Repayment Benefits?
Debt repayment voted among Canadians’ top financial priorities (CIBC Annual Financial Priorities Poll). Debt benefits deliver exactly what employees want – support for financial wellness.
Delivers Employers a Positive ROI
Reducing debt-related stress improves employee morale and mental health, resulting in a proven increase in productivity with lower staff turnover.
Recruit Top Talent
60% of university graduates in Canada enter the workforce with debt. Student loan repayment benefits give employers a competitive edge when hiring.
Improve Employee Retention
Employees value company help to repay debt. Employer sponsored benefits let employees prioritize their benefits towards repaying Canadian Student Loans or Residential Mortgages.
Student Loan Repayment Benefits Help Employees
Marmot provides planning tools and monthly progress reports that help employees make informed choices to repay debt.
44 Months
Average monthly payments saved
Build
Your credit score and lower debt stress
Get on the Path to Retirement Saving Sooner
Improve your financial health by reducing debt
Mortgage Accelerator Benefits Effectively Address Employee Debt
Marmot helps employees pay their Canadian Residential Mortgages faster.
7 Years
Average years of payments saved
Reduce
Interest costs – save thousands of dollars
Get on the Path to Retirement Saving Sooner
Improve your financial health by reducing debt
Implementation Success
Commitment to Customer Satisfaction
Marmot delivers a secure platform that works with your payroll systems to insure minimal work for HR teams. We provide admin training and onboarding and manage employee signups. All plans include support and/or collateral for benefit rollout, implementation, employee registration, marketing and benefit communications.
Easy Implementation
No Building or Reworking
Fast Rollout
Choose Marmot for Results
Employers
Improve employee retention
Recruit top talent
Boost productivity and job satisfaction
Employees
Pay down student loans or mortgages faster
Save money on interest
Improve life affordability
Testimonials
How It Works
Marmot’s easy-to-navigate platform and comprehensive reporting means low admin. Programs can be offered alongside workplace savings plans like GRSP, DPSP, ESPP, GTFSA and in some cases, DCPP.
A new payroll line item is all it takes to set up your employee debt repayment program.
It's the Benefit Employees Want
