Essay About Employee Benefits And Tuition Reimbursement

Our Company Has Had a Very Profitable 2012
Our company has had a very profitable 2012, and the goal is to continue this raising trend. In
order to continue achieving these results our company is looking to expand employee benefits by adding
tuition reimbursement. I currently work in the benefits department and I have been recommended by my
manager to prepare a report regarding the benefits of adding a tuition reimbursement program for our
employees. This program will cover tuition reimbursement for qualified employees that will be enrolling to
complete their Bachelor’s Degree. The report will present the effects and benefits that adding tuition
reimbursement will have on both our company and our employees. The report is also going to present
the type of degrees that should consider for reimbursement through this program.
“Employers have vested interest in making sure employees have the knowledge and skills that
will help them succeed at work. By earning a degree in a field related to their job, they can become better
employees and they will be more likely to stay with the company. Employers often see less turn-around
and more employee loyalty when they provide tuition reimbursement for education”
(distancelearn.about.com). Employees need incentives in order to improve their positions and continue
to achieve superior results. A survey was completed amongst all our full time employees to measure the
level of interest in pursuing a degree from a college or university. The results showed 92% will be willing
to either return to school or finish their degrees. However, all of them express their concern regarding the
cost of education, the burden this additional expense will have on their families and the commitment of
time. The tuition reimbursement program will provide them with the economic incentive they need to
either start or finish their degrees. Online courses provide the flexibility they need to attend classes
from their living room without having to spend time travelling to college campus. This type of setting is
very beneficial for employees work full time, have families and small children.
Based on the needs of our organization we should extend tuition