Retention and Job Readiness through Employer-Funded Financial Aid® (EFFA)
Milestone-based scholarships enable greater control, ensuring that early career talent you wish to hire is job ready, and maximizing learning and development investments with training, education and upskilling providers.
EFFA for Early Career Talent Acquisition.
Use EFFA's freemium features to create a milestone-based scholarship that you can use in recruitment announcements. Pay only when talent you've selected begins completing the vetting and preparation milestones you've defined for them.
EFFA for Tuition Disbursement
Use EFFA's secure upskilling platform to support employee retention and development goals. EFFA's unique EFFAPay layer increases compliance, maximizes your learning investments, and automates the administrative and employee experience.
EFFA for Universities
Use EFFA's secure tuition disbursement platform as a scalable, dedicated instance to maximize employer education investments and job outcomes across all your employer partners.
EFFA for Students
Unlock financial aid by completing career path milestones set by your potential future employer.
Why Stakeholders Should Care
The National Association of Colleges and Employers (NACE) reports that approximately 50% of college hires leave their first job within the first two years.
Other studies suggest that 20-30% of college graduates leave their jobs within the first year, often due to dissatisfaction with the job fit, lack of growth opportunities, or organizational culture misalignment.
Gallup has reported that only about 39% of recent college graduates feel engaged at work, which contributes to turnover.
SHRM estimates that high turnover costs employers 1X - 2X each early career hire's total compensation in lost productivity, talent acquisition and onboarding.
Making it work for your next gen workforce.
Job Ready is the EFFA bi-weekly podcast, hosted by our CEO, Charlie Nguyen, our Chief Purpose Officer, Jeff Nelder, and Emmy-award winning Executive Producer James Oliverio - dedicated to the issues that universities, their students and the employers who hire them face around creating job readiness within the next generation of the US workforce.
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