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Chipotle introduces new benefits amid massive hiring for ‘burrito season’

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“Utilizing SoFi’s Student Loan Verification (SLV) service, once an employee becomes eligible for Chipotle’s 401(k) plan match, the company will match up to four per cent of an employee’s salary through contributions to their 401(k) if they make eligible student loan payments,” Chipotle said in a media release.

Chipotle will also grant employees access to SoFi’s financial well-being education platform, which will give employees an assessment over and suggestions to prove their current financial status.

The firm also said it will also help boost their employees’ credit scores through Cred.ai, which also offers a high-tech Visa card with faster access to pay checks.

Chipotle said its new benefits address the needs of the Gen Z staff, which make up more than 73% of its current workforce, who may be facing significant financial challenges.

The benefits add on top of the organisation’s all-crew bonus programme, access to mental health care and medical, dental, and vision insurance, tuition reimbursement, among other perks.

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