Tuition Reimbursement - 1098 Words

Tuition Reimbursement is a viable option that our company should look at as a means of giving our employees a way to advance their education and their positions in our company. This company was built by people and it is in those people that we should invest in, nurture and show that we are committed to their success not just here but in their life success. Often times companies look outside of their own ranks to hire people with advance degrees or more experience when there should be people here that get promoted so that growth my begin from the entry level as it should like the roots of a tree. Many of our employees are not satisfied in the positions they are in but this is not to say they are not satisfied with the company but they†¦show more content†¦Companies without a program had an average turnover rate of two to three years, while those who offered tuition assistance saw the average employment period lengthen to five or more years. Tuition reimbursement fosters lo yalty to the employer and increases overall job satisfaction. In addition to strengthening the retention rate, tuition reimbursement programs allow employers to promote within the company rather than hiring outsiders. When companies are hiring from within it increases worker morale and loyalty. It also decreases the costs of hiring and training new candidates. Training for advancement is particularly beneficial in high-need areas, especially in medical fields like nursing. The benefits of a tuition reimbursement program are undeniable and there are facts to back them up. There has been study after study that shows the positive effects of a company having a tuition reimbursement program. There are many employees that are looking for employment that look for organizations that have this in their benefit program. Many of the job classifications in the corrections field require a bachelors degree as a minimum requirement for a position. Because a number of employees entering the department already have an undergraduate degree, the DOC receives numerous requests for educational assistance for those employees seeking graduate and postgraduate degrees. For example, the minimum requirements of the job classification of a probation and paroleShow MoreRelatedTuition Reimbursement1182 Words   |  5 PagesTuition Reimbursement Program Proposal Misti Ford Axia College University of Phoenix XCOM 285 December 4, 2012 Priya Soni Facilitator It is very common for men and women of all ages to attend college courses to advance their knowledge in the field that they are currently working in. Among our company we have a wide variety of people who currently hold an Associate’s Degree and want to earn their Bachelor’s Degree while maintaining the position that they currently hold within our companyRead MoreTuition Reimbursement1072 Words   |  5 PagesTUITION REIMBURSMENT BENEFIT XCOM 285 – Essentials of Managerial Communications Instructor: David Harris Week 7 Assignment Claudia Pino Read MoreTuition Reimbursement1049 Words   |  5 PagesEmployee Benefits: Tuition Reimbursement Program Benefits department (Axia College XCOM-285 wk 7) This past year here at company X we have had a very profitable year; and it’s important that we do everything that we can to make sure that we maintain this strong progression forward. Now, of course we have made strong financial strides; and we will continue to improve on the external factors that have gotten us to this point. However, I feel that it is imperative that we also pay closeRead MoreTuition Reimbursement Report1130 Words   |  5 PagesTuition Reimbursement Report Susan Sparks Axia College of University of Phoenix This paper will discuss Tuition Reimbursement and how it will benefit both the Sue’s Things Company and the employees that work there. It will be able to open new positions, giving the employees new opportunities to move ahead and make more money, and bring in new workers to replace those who have moved to a higher position increasing the workflow for the business and bringing in more profit for everyone. WithRead MoreEssay on Tuition Reimbursement1174 Words   |  5 PagesRUNNING HEAD: Tuition Reimbursement Tuition Reimbursement Joshua Newton DATE Tuition Reimbursement Most students have issues planning out how to pay off loans or even get money to attend college, majority of people paying for their education need to have loans to help pay for tuition to attend school. But now more than ever, companies offer tuition reimbursement for their employees. Usually companies offer this opportunity to help further the education of their employees to improve andRead MoreTuition Reimbursement Paper1117 Words   |  5 PagesTuition Reimbursement Paper By: Alicia Edwards Due date: Sept 5 2010 Course: com285 Introduction There are many reason that an employees might get a promotion or be considered for a job in a higher position. One of these is education. Some of our employees have an 2 year degree and some have other levels of education. One way to excel in any company is to have a bachelor’s degree. The reason for me bringing this up is because we have come up with a program that can help employees who don’tRead MoreTuition Reimbursement Implementation Report1009 Words   |  5 PagesTuition Reimbursement Implementation Report Ronald Ahrens XCOM/285 Essentials of Managerial Communication University of Phoenix The following report was helping us explore why we should expanding employee benefits with in this he company. We had a good year but without a good year it would benefit the company so adding tuition reimbursement as an employee benefit would be great. It would help the employees working on their degree in business or communication as they are working for us soRead MoreTuition Reimbursement Implementation Report1068 Words   |  5 PagesTopeka Lathers Tuition Reimbursement Implementation Report XCOM/285 Robyn Walker January 9, 2014 Every company has employees that would like to further their education. For the employees of our company, there is no better time than now. Recent approval by our company to budget for tuition reimbursement for employees seeking opportunities to enhance their skills in their field of work, we will see high interest in ambitious and talented employees. InRead MoreTuition Reimbursement: a Benefit for Employers Essay1319 Words   |  6 Pagessessions are costly the return a company gets from it is worth the investment. A company that constantly sends its employees to school to acquire a fresh and new ideas has a greater advantage than a company that do not offer such benefit. Tuition reimbursement is one of the many benefits an employer offers to attract a potential employee or keep a good employee in their company‘s work force. It is important for companies to send their employees to trainings or schoolings because the data used inRead MoreEssay about Tuition Reimbursement Implementation Report1146 Words   |  5 PagesTuition Reimbursement 1 Tuition Reimbursement Implementation Report Ronn Westmoreland University of Phoenix Tuition Reimbursement 2 In today’s world, people of all ages are choosing to further their education by obtaining some sort of degree from a college or university. This has been made easier for most people because now there is an option of taking courses online rather than having to attend classes on campus. It also gives people the opportunity to work full time while furthering