Why should tuition reimbursement be a cornerstone of an employee benefit policy?
There are typically three key business objectives that an organization is trying to impact through their benefit programs: improve retention of staff, attract high-performing new employees into the organization and boost productivity and profitability. Tuition reimbursement has been proven to achieve those three objectives. At times executives questioning the value of tuition reimbursement often wonder whether they’re educating an employee who will merely leave for greener pastures after earning a degree. Yet a variety of independent studies shows that exactly the opposite occurs. How do tuition reimbursement programs benefit employers and employees? I hear firsthand from employers who use tuition assistance that employees who are engaged in the program are more committed and more likely to be considered for an internal promotion. Continuing education helps with the development of critical thinking skills. These skills are especially important today because companies across the board a
