Week 7 Assignment
Mark Holzhauser
XCOMM/285
10/16/2011
Heather Parker

What is Tuition Reimbursement? Simply put, Tuition Reimbursement is a program many companies offer to their employees in which the company reimburses some or all of the tuition fees their employees spend on education. Tuition Reimbursement is a classic win-win scenario. The company gets a better trained, more educated, and often more loyal employee, while the employee receives a subsidized education that may achieve a personal goal and without doubt makes them more marketable in the workforce. Some programs offer reimbursement for books, other expenses, and even a bonus once the employee receives his or her degree.
Should we offer tuition reimbursement to our employees? The answer is simple. Yes, we should offer tuition reimbursement to our employees. Starting a tuition reimbursement program is a good idea for both the employee and employer. By helping our employees better themselves we are also helping our company by having more educated employees. We are also creating a more loyal employee. They are less likely to leave the company when they are in a tuition reimbursement program and are more loyal to the company afterwards. We also could attract the best available prospective employees with such a benefit. There is a lot of competition out there vying for the best young employees and we certainly would like to remain competitive in our recruitment efforts. Some examples of companies that offer tuition reimbursement are as follows:
J.M. Smucker Co. offers 100% tuition reimbursement with no limit.
Google offers tuition reimbursement of up to $12,000 per calendar year as long as you receive a “B” or better.
Bank of America offers tuition reimbursement of up to $2,000 per year for undergraduates and $4,000 per year for graduate students.
Experian offers tuition