man offering cash Confronted by atight labor market and ever more indebted applicants, about 4percent of big companies surveyed by SHRM say they're helping theiremployees repay their loans with cash payments. (Photo:Shutterstock)

Starting next year, U.S. employees at insurance company UnumGroup will have a choice: The company will put money toward theirstudent loans, if the worker gives up fivepaid vacation days.

The new perk is a creative twist on an increasingly popularbenefit. Confronted by a tight labor market and ever more indebtedapplicants, about 4 percent of big companies surveyed by theSociety for Human Resources Management say they're helping theiremployees repay their loans with cash payments of up to $250 amonth.

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