References:
References:
As part of the education expense reimbursement program ABC Inc. agrees to give (Employee Name) $75 towards student loans for every 40hours worked and an additional $500 for every 6 months of employment if (Employee Name) stays within good standings in the company and school.…
Your company has had a very profitable year and is looking to expand their employee benefits. As an employee in the benefits department, you have been asked to prepare a report to persuade your company administrators that adding tuition reimbursement for the bachelor’s degrees in business and communication benefits the company. Because the company has already approved a budget for this expansion, financial costs are not a concern.…
Smith, A. and A. Billett (2005), “Getting employers to spend more on training” Retrieved January 26, 2012…
Matrix Drilling Products believes in offering some form of assistance to employees who strive in furthering their education. Our organization understands that each individual requires varies educational as well as institution needs. Therefore, Matrix Drilling products will consider and make a reasonable decision when providing tuition reimbursement to any qualified employee.…
The approved original forms will be returned to you to be retained until the end of the quarter/semester.…
With the recent increase in educational requirements will cause the organization budget to experience a variance. Thus,requiring staff to participate in classes within the workplace will increase the amount of funds needed.…
Enjoys our benefit for paying for employee’s tuition if they wish to obtain a higher degree…
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…
In other words someone else would have to pay for you one way or another game tickets, tax, school activities, and tuition. You can even pay for the books twice without realize that. Tuition would be more expensive. College will be unhappy to pay for every student’s textbooks, but there are options that will only require initial investment, like a library system or open online books, where students can rent books or put a deposit down and return the textbooks at the end of the semester, which some colleges already…
Not all students should go to college because college can often cost more than it is worth. College tuition has risen at a significantly higher rate than inflation in the previous generation. With student loan debt having passed one trillion dollars recently, one must ask…
Tuition reimbursement program is one thing that every company should consider to offer to their employees. The program will not only benefit employees but the company as well. Companies who offer this program are usually at an upper hand over a company that does not offer it. Three advantages for a company that offer tuition reimbursement program are, more knowledge will boost the productivity if the company, drawing high performing employees to your company, and contributing to the overall success of your business and its profits.…
In today’s society, college has become less of an option and more of a necessity. College is required for many various professions, and the cost of tuition seems to have a lasting effect on many Americans. Although having a college education will help someone receive higher pay and become more successful, the stress of college debt is taking a toll on graduates. Most college graduates will be paying for college loans for many years after they graduate. The continuing rise of college tuition is also hindering many people to have the desire to attend college. Like anything, education has its cost and it doesn’t come cheap. The average college student graduates with a minimum of 30,000 dollars in debt ("College Costs:…
Companies want to keep talented employees. Investing in employees by providing training opportunities comes with an additional cost, so establishing a positive link between training and retention provides a tangible reason for the expenditure. Typically, employees who attend courses and take self-study training or receive coaching and mentoring feel that their employer takes an interest in them and they perform better on the job as a result. Link employee retention to training by conducting employee surveys.…
To the employees who participate in ongoing education will feel as if their careers are advancing and they are better able to provide for their families. Vice versa, employees who are not staying ahead of the curve are going to be left behind their value to the firm diminishes. Thus, learning is a lifetime matter.…
1.2. To ensure that the corporate gets adequate return from the students in terms of the money and time it spends on them during the training so that there is a mutual return of experience and learning.…