Many successful companies consider employee education a smart investment. Here are some of the main reasons why.
Employees who take advantage of this benefit are showing you who they are — proactive, ambitious professionals focused on growth and development. Not only are these employees worth investing in, they’re also likely to be loyal to an organization that helps them meet their goals.
With more knowledge comes better performance and increased productivity. Your organization receives more value when employees gain skills, whether they’re “soft” skills like communication and critical thinking, or job-specific skills that provide even more value.
When your tuition program satisfies IRS requirements, the U.S. government will reimburse you up to $5,250 per employee, per year in educational expenses. This makes education a significant benefit at a small cost.
You can help employees with tuition expenses when they complete certain educational courses. As the employer, you decide which courses are eligible and how much to contribute to the employee’s tuition assistance account. Employees can then use the money to pay themselves back for:
