Implementation Report: Tuition Reimbursement

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Tuition Reimbursement Implementation Report XCOM/285 February 3, 2013 Tuition Reimbursement Implementation Report What business does not want to increase productivity and profitability, none. Offering tuition reimbursement is an encouraging way to let employees know you believe in them and want to invest in their future both personally and professionally. Tuition reimbursement is a program offered by some businesses that reimburse employees the cost of tuition upon completing eligible college courses. There are a number of benefits for the employee and for the employer, benefits such as tax breaks, retention, improvement on productivity, less turnover, and a swell in morale. University of Phoenix’s online degree program develops…show more content…
The risk of tuition reimbursement is worth the investment. Each employee offers diversity and a depth of perspectives. Tuition reimbursement is similar to a work-based education because even though the education is not provided by the employee it is available because of tuition reimbursement from the employer. “Workplace education programs focus on the literacy and basic skills training that workers need to gain new employment, retain present jobs, advance in their careers, or increase productivity,” (U.S. Department of Education, 2008, par.1). The Score Card for Skills was created by the Office of Vocational and Adult Education conference board. The score card assists with calculating and demonstrating the association involving workplace education investments and…show more content…
It is important to support and encourage current employees to strive for higher goals. Showing that you the employee is cared for as is the business will help business grow because after all employees make the business world go round. Tuition reimbursement increases the value of the employee which in turn increases the value of the company. A business degree or communications degree offers a multitude of career choices ranging from salaries of over $100,000 per year to $30,000. Tuition reimbursement means increased morale, productivity, confidence, retention, profits, and less employee turnover. Many people want to take the step to further their education and are afraid because of the financial stressors however with tuition reimbursement from employers the stressors are eliminated. Tuition reimbursement is a necessary investment toward the sustainability of the company’s present and

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