Running head: THE VAULE OF PROVIDING TUITION REIMBURSEMENT The Value of Providing Tuition Reimbursement XXXXXXX The Value of Providing Tuition Reimbursement Even though employees might look elsewhere for a better job, educating employees makes them a more valuable and happier employee because with increased skills and knowledge, the employees become promotable and more productive. It helps develop an employee to think better logically and interact with a different group of people. Take on additional assignments, be a better leader, and will improve the company’s professional image when dealing with clients. Many companies now offer tuition reimbursement; the programs vary in some degree. Tuition reimbursement also helps
Our company’s principles say that we will treat employees like family, so time has come to deliver on that promise. Donco hopes every employee takes advantage of the TAP to further his or her education. Attainment of higher education degrees will allow our workforce to steadily progress into management positions. A degree can open doors for individuals to achieve life-long dreams or aspirations. Donco has not lost an employee who chooses to chase a dream, quite the opposite; our company is better and stronger for caring.
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
Short vs. long-term focus In the case of short or long term focus when it comes to employment, it is my opinion that it depends on what you are looking for. However, it is my opinion that for your particular company a long-term focus would be better of for you guys and will help you grow faster and have a solid and consistent mission throughout your regions. I believe that having a long-term focus and investing in developing your talent will result in having great managers that will pass on the culture of the company to their employees; in whichever store they happen to be placed. Since one of the concerns for both Emerson and Wood was the lost of the company core values as a result of expanding, I believe that having a long term approach to employment will assure that those who stay with the company pass on those values to the next generation of
Many affiliations involve customized degree programs target specific industries or functions that are important to the company. Some academic affiliations include a reduced tuition cost for employees of a company at a certain college. By earning a degree at a selected academic provider the employee receive a discount on tuition, therefore making their tuition money last longer. (Rodriguez) Many gifted employees constantly want to master and advance, if they feel they are not mastering and advancing, they are not remaining ambitious with their peers for promotional opportunities and career growth. Once top employees feel that they are no longer mastering, they begin to look elsewhere for a new job opportunity.
This quality is admirable and this confidence is portrayed in one’s daily work ethics. Providing tuition reimbursement can ensure this quality is fine tuned and the company will reap the benefits. Self-esteem is a driving force for associates that understand their work can be a reflection of the person behind the work. The associate that has a second chance to enroll in college courses will receive that needed boost to rebuild the lost self-esteem. To offer the chance to not only enroll but to receive reimbursement and a flexible schedule will remove any doubts of any associate that is unsure of their capability and support of pursuing the dream of higher education.
This knowledge means that they will use techniques in recruiting and selecting those adequate and qualified candidates for the required open positions that are available to be filled. Creating a work environment in which employees are productive is essential to increased profits for your organization, corporation or small business. One of the ways this is done is thru adequate training. Training is the process of giving the companies employees the knowledge and skills to complete the job or jobs they were hired for. Another way how an human resource department can make a pleasant environment for employees is through employee development.
Let the Legacy Live In the USA Today editorial “Preserve Universities’ Right to Shape Student Community,” the editor discusses how universities heighten the rate of acceptance if one were to have family that was alumni. Known as legacy admissions, this requires certain criterion that is not based on academic achievement. According to the article, 12% of Dickinson College’s incoming freshmen have family connections giving them a boost over other applying students regardless of the GPA and standardized test scores. Legacy admissions are beneficial for a university and their tradition. Not only would it boost support from alumni, but also allow maintaining low tuition costs.
This is not to say that post-secondary schooling is a waste of time, as I feel that it has many benefits. But this is not the only measurement that a person should be rated against to qualify them as being well educated or not. I believe that I am just as educated about my company and the business than any other individual that has a degree in the company. I will say that having a degree may have sped up my journey in obtaining my goals, but it does not have to be the only path. I have had the support of executives within the company, only to have the dreaded question asked of me; “Do you have a degree?” When I have to answer that I do not have a degree, then the response is always directed that I will need to get a degree before I can move further up in the
According to The Social Security Bulletin (2003/2004) Baby Boomer retirees will be better off than the current or near-term retirees. The fact of the Baby Boomer generation having higher education and degrees plus remaining in the workforce for longer contributes to higher life time earnings. The Family income at age 67 is projected to be higher for Baby Boomer retirees the for current retirees, per capita family income at age 67 will increase from about $29,000 for current retirees to $44,000 for early baby boomers. (Butrice, Iams, & Smith