Tuition Reimbursement Implementation

A tuition reimbursement plan offers many benefits to both employers and employees. The benefit to the employee is the opportunity to sharpen their skills through advanced education. The main benefit for our organization is the ability to attract and retain valuable employees. Tuition assistance is a powerful benefit that can be used as an advantage by our company to employ a better educated work force and a continued supply of qualified candidates to move up the chain of command. If employees are able to further their education they will become more skilled and as a result will provide more value to our company. The knowledge and skills that employees gain from their education can translate into a more confident, productive, on the job employee who has the ability to make executive decisions when the need calls. An educated employee is more apt to take on additional assignments, is more capable of utilizing leadership skills, thus improving the company’s professional image in the long run. The more an employee knows the easier it is to promote them upwards as well as laterally, developing a more rounded and happy employee.
Providing tuition reimbursement develops team players through school studies increasing employee retention because employees are more likely to be loyal and dedicated to a company they feel is also loyal to them and has a vested interest in the development and success of its employees. Loyalty reciprocates because employees rely on the organization for tuition reimbursement expenses and the entire company is improved as a whole. Encouraging a scholarly atmosphere is good business and promotes innovation. People who like to learn are more apt to be self- motivated and driven to learn new skills and have the ability to be more engaged and focused on their job. To be realistic the average person just wants to