Homeownership Benefits Program
A program designed to help increase employee retention and satisfaction
at no cost to you!
In today’s uncertain economic climate, businesses are seeking new opportunities to offer employees improved value and benefits.
One impactful benefit is assisting employees in their pursuit of homeownership.
The Parent Team's Homeownership Benefits Program offers exclusive home financing advantages to your employees at no cost to your company. Once it's operational, we directly assist your employees in exploring their home financing choices and offer continuous support throughout the entire process. Setting up this program is fast and straightforward, requiring minimal effort on your part.
Common Workplace Problems
It will cost a company about 6 to 9 months of an employee’s salary to identify and on-board a replacement.*
Only 12% of employees say they strongly agree their organization does a great job at on-boarding new employees.
Employee turnover can be as much as 50% in the first 18 months of employment.*
*Reported by the Society for Human Resource Management (SHRM).
Poor Overall Health
1 in 5 workers felt severe stress from work or finances, leading to symptoms like fatigue and depression four times more often. This also doubled their likelihood of poor overall health, causing more sick days and lower productivity.**
Financial Problems
80% of employers observed that their employees' personal financial problems affected their job performance to some extent, significantly, or extremely. This led to heightened stress levels in employees (noted by 76% of employers), a lack of focus at work (60%), and increased absenteeism and tardiness (34%).**
Supporting Family
Over 25% of employers also noted that a substantial number of their employees faced challenges in supporting both their children (including adult children) and assisting elderly parents.**
**Reported by the survey, “Finding the Links Between Retirement, Stress and Health”
How we can help you reduce turnover
“The benefits and perks that employees truly care about are those that offer them greater flexibility, autonomy and the ability to lead a better life… In general, employees are most likely to say they would change jobs for benefits and perks closely related to their quality of life. They are quite interested in jobs that offer them a way to balance work and home better, gain a deeper sense of autonomy and secure their financial future" (State of the American Workplace, Gallup).
Choosing to join a new company typically means leaving another, with new hires hoping their new position will surpass the previous one in meeting their needs. Individuals often seek advice from friends and family, scour the internet for company ratings and reviews, and strive to determine if a company aligns with their personal aspirations. This decision-making process starts with logical factors but is ultimately influenced by emotional connections and feelings towards the prospective employer. From the moment they decide, every interaction shapes their view of being a valuable member of the organization. Hence, the importance of a well-crafted onboarding process that makes employees feel genuinely welcomed and integrated.
For a company, this moment presents an ideal chance to fulfill its value proposition and surpass the commitments made during recruitment, aiming not just to meet but to exceed expectations. Our Homeownership Benefits Program is crafted to enable your organization to achieve this without impacting its financial bottom line. Few things are as closely linked as work and personal life. Assisting employees, whether new or experienced, in settling into their local communities is key to gaining their trust and bolstering their confidence in their employer.
Benefits to your company
Attracting Top Talent
To remain competitive in today's job market, employers must stand out. Offering homeownership benefits is an excellent way to do just that. Potential employees are more likely to be attracted to companies that care about their overall well-being and financial goals. This unique perk can help you attract and retain high-caliber talent, giving you a distinct edge in recruitment.
Enhancing Employee Retention
When employees feel that their employer is invested in their personal and financial growth, they are more likely to stay with the company for the long haul. Reduced turnover rates can save your organization valuable time and resources, while loyal and committed employees can positively impact workplace culture and productivity.
Strengthening Workplace Productivity
Financial stability and reduced stress contribute to higher workplace productivity. Employees who feel secure in their financial situations are more likely to be engaged, motivated, and focused on their work, resulting in increased productivity.
Promoting Community Engagement
Homeownership fosters a sense of community and belonging. When your employees own homes, they are more likely to become invested in their local communities. This can have a positive impact on neighborhoods and reflect positively on your company's corporate social responsibility efforts.
Benefits to your employees
Our loans and programs are perfect for first time homeowners, low to moderate income families, senior citizens, veterans and more!
With The Parent Team’s Homeownership Benefits Program, we will find the best loan for your employees at a competitive rate.
Employees will receive a 1% realtor credit when buying or selling a home. For example, a home for $500,000 will get them $5,000 credit.
When buying or refinancing a home through with our program, employees will be eligible to receive $2000 lender credit.