XCOM 285: Tuition Reimbursement Implementation Report
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|Tuition Reimbursement Implementation Report |
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|XCOM 285 …show more content…
These positions include but are not limited to, management, finance, human resources, legal, or corporate operations. Benefits from obtaining degrees and specialized certifications in programs will also increase employee’s salaries. According to an article published in the U.S. News “Research has shown that college graduates earn, on average, about $20,000 a year more than those who finished their educations at high school (Clark, 2008). Completion of specialized certification outlined in the company’s Employee Handbook will result in a 3% annual salary increase. Completion of formalized degree programs outlined in the company’s Employee Handbook will result in a 10% annual salary increase. In addition to the monetary gains that will be available for all employee’s, it is the company’s belief that each individual who takes advantage of this opportunity will reduce the individual’s chances for job replacement and redundancy options, which could result in future layoffs or termination. In addition, each employee can further develop their skills, while experiencing little to no financial impact to their personal life. According to the FRBNY Consumer Credit Panel/Equifax, “the average outstanding student load balance per …show more content…
Valid accreditation also will apply to certifications and licenses that employees can earn in order to demonstrate an employee’s expertise in specific areas such as the PMP certification for Project Management or technical support programs C++ certification. Employee’s interested in leveraging any of the predefined program listed in the company handbook will be required to finance all education expenses up front but will have 100% of those funds returned upon successful completion of the class or program. For programs that receive a letter grade upon completion, a final letter grade of C or higher is required in order for the class to be considered “successful”. If a student withdrawals from the course or fails to pass the class or program successfully, the employee will assume responsibility for the financial obligations associated with the course or program. All programs are subjected to review and approval from Human Resources prior to the class start date as an effort to ensure all internal company requirements are
|Tuition Reimbursement Implementation Report |
| |
| |
| |
|XCOM 285 …show more content…
These positions include but are not limited to, management, finance, human resources, legal, or corporate operations. Benefits from obtaining degrees and specialized certifications in programs will also increase employee’s salaries. According to an article published in the U.S. News “Research has shown that college graduates earn, on average, about $20,000 a year more than those who finished their educations at high school (Clark, 2008). Completion of specialized certification outlined in the company’s Employee Handbook will result in a 3% annual salary increase. Completion of formalized degree programs outlined in the company’s Employee Handbook will result in a 10% annual salary increase. In addition to the monetary gains that will be available for all employee’s, it is the company’s belief that each individual who takes advantage of this opportunity will reduce the individual’s chances for job replacement and redundancy options, which could result in future layoffs or termination. In addition, each employee can further develop their skills, while experiencing little to no financial impact to their personal life. According to the FRBNY Consumer Credit Panel/Equifax, “the average outstanding student load balance per …show more content…
Valid accreditation also will apply to certifications and licenses that employees can earn in order to demonstrate an employee’s expertise in specific areas such as the PMP certification for Project Management or technical support programs C++ certification. Employee’s interested in leveraging any of the predefined program listed in the company handbook will be required to finance all education expenses up front but will have 100% of those funds returned upon successful completion of the class or program. For programs that receive a letter grade upon completion, a final letter grade of C or higher is required in order for the class to be considered “successful”. If a student withdrawals from the course or fails to pass the class or program successfully, the employee will assume responsibility for the financial obligations associated with the course or program. All programs are subjected to review and approval from Human Resources prior to the class start date as an effort to ensure all internal company requirements are