How does tuition reimbursement directly benefit a company or business?
Consistently providing training or dollars to increase employees’ skills and knowledge makes your company highly desirable and more likely to attract quality employees. Employers often forget that when they interview candidates to determine if they are qualified and a good job-fit, candidates are also measuring them against their competition. Any company that provides a way for an employee to increase knowledge, skills and abilities will rise to the top of the list of desirable employers. Genentech, a biotechnology firm whose chief executive regularly fields questions from workers and where employees have access to $10,000 in annual tuition reimbursements, earned top honors on Fortune’s 2006 list of ‘best companies’ to work for. Who wouldn’t be attracted to one of the best companies? What prevents employees from getting their degree and then leaving the company that paid for it? That’s an excellent question. Once you gain a work force with increased management, communication and writin
