...Tuition Reimbursement Implementation Report XCOM/285 Tuition Reimbursement Implementation Report This year our company has had a very profitable year and is willing to expand our employee benefits. As an employee in the benefits department I feel that the company should add tuition reimbursement for bachelor degrees in business and communication. I’m happy to hear that the company has already approved a budget for this expansion, but I would like to give more incentives to show how these updates will enhance the business as a whole. The benefits to tuition reimbursement programs for a corporation are, motivation of it’s employees to increase their education, which will give the employee the understanding of the world and other cultures than they had prior to attending college. When they have received the knowledge on a variety of subjects this will increase how they are able to maneuver in a corporate setting. This makes the employee more marketable for advancement with in our company. Seeing employees sacrifice more time out of their day to day lives to pursue higher education that is beneficial to their success and the success of the company. Our employees will realize we care more about their well-being, and are willing to invest in them, so that they can succeed. We are also showing that the company is just as invested in them as they are with us, and willing to promote those with in the company, to those positions we are seeking fulfillment. Employment advancement...
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...Tuition Reimbursement Implementation Report XCOM/285 July 22, 2010 There are ways an employees can benefit their companies, and one of the way is to further their education and apply the knowledge towards their careers to better their companies. Their education not only can better companies, but also can contribute to advancing their current positions in the company. Now there are courses that are provided online at colleges and universities. The online classes can be extremely beneficial to the full-time employees, because they can log on and complete their school assignments anytime during the day, and weekends. A plan such as this could retain the employees and also attract new ones. The convenience of this option will attract a lot of employees once they get more familiar with the online program. Investing in our employees’ education is an excellent idea, especially with the reasons provided. The company’s profits could partially be used towards helping our employees with their tuition reimbursements. The most important thing about this idea is to keep advance our current employees to a higher education and then apply them to business in a profitable way. Expenses such as spending it on hiring new employees through outside agencies could be prevented if the company to retain them. Earning a degree could open all sorts of doors for current employees. For example, a pay increase, and this could be a good incentive for the employees to obtain a degree...
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...Topeka 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. In this paper we are going to discuss professional opportunities business and communications degrees offer, different career opportunities available for individuals with these degrees, the earning potential of individuals with the degree, and how this company will benefit from assisting individuals with a degree in business and communications.. This company has recently approved a financial resource for tuition compensation for workers looking to further their training in business communications. We are intending to talk about professional possibilities business and communications qualifications provide, various vocation prospects readily available for people with the qualification, as well as how the company will take advantage of those with a qualification in business and communications. Education is a key tool to an individual’s personal and professional success. It can open doors for individuals where they once would have been closed or unavailable. In today’s day and age, the...
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...Tuition Reimbursement Implementation Report Without employees, a business cannot function. When a company needs to recruit new employees they need to be able to offer the employee a benefits package order to show the new employee the company has concern and consideration for the employee. One benefit that most successful companies offer is tuition reimbursement. They offer this benefit to employees who wish to further their education. Tuition reimbursement programs have benefited companies by having a low turnover rate and high productivities with enhanced efficiencies from the employees. After reviewing statistics about tuition reimbursement, we are happy to inform you our company will be offering tuition reimbursement to employees who wish to further there education in Business and Communications. I plan to discuss professional opportunities degrees in Business and Communication can offer. Also, with this type of degree, what career opportunities and earning potential an employee has, and how the company can benefit from individuals with a degree in business and communication. First, we need to start by discussing what a business degree has to offer, and what the degree is. “A degree program in Business Communications typically leads to an associates or bachelor’s degree and teaches students such skills as public speaking, written communications, communication software use media interactions and interviewing” (Career Information for a Degree in Business Communications...
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...Tuition Reimbursement Implementation Report Business is all about finding the right balance between performance, integrity and employee retention. “Success in business is seen as making profits and advancing private interest and having an unlimited ambition for money, position and power whereas the moral life by contrast, focuses on duties to others and places others’ interest over self,” said by M.V. Subbiah, Chairperson, National Skill Development Corporation (NSDC). The value of providing tuition reimbursement from a company such as ours is priceless to its employees and its shareholders. It may seem impartial advice, because I am one of those who would benefit from tuition reimbursement. As an active shareholder in my company and a working member of management I see the need for this benefit to be offered. By having benefits such as this one I believe that our company shall see a large return for its investment in education. Consider the following when addressing the question of tuition reimbursement: The retention of people and the decrease in turnover; improved performance within our organization; motivation for our associates to succeed; stronger promotions within our company. As a four year associate of our company I have found working at Wal-Mart to be one of the best choices of my life. I have come to work with long term associates who have dedicated so many years to a belief that we provide our customers the lowest prices and best customer service in retail....
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...Tuition Reimbursement Implementation Report James Biggs XCOM 285 November 17, 2011 Lisa Reitz Tuition Reimbursement Implementation Report 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. In this paper we are going to discuss professional opportunities business and communications degrees offer, different career opportunities available for individuals with these degrees, the earning potential of individuals with the degree, and how this company will benefit from assisting individuals with a degree in business and communications. Students who pursue a business communication degree are trained in a variety of principles and business practices to work in the fields of marketing, public relations, networking, and advertising. Business management is another opportunity for graduates who have completed business communication training, and many choose to open their own businesses as a consultant. Speech communication is an important part of business communication training, as well as developing technical skills, strong language skills, and the ability to work with a diverse range of people (ULinks.com). Any individual who works in corporate America will find that an employee...
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...SICC INK’S MARKETING PLAN Products and services Sicc Ink Tattoo and body piercing studio offers a safe and professional atmosphere where customers can get quality tattoos and body piercings done by our licensed and professional staff in a clean and relaxing environment. We specialize in black and grey tattoo art and the much sought after traditional Japanese style tattoos. For those interested in body piercings and accessory jewelry we offer an extremely wide range of tongue rings, hoops, studs belly button rings, and much more. We offer one of a kind, fully custom tattoos. In our studio we pride ourselves on our professionalism, workmanship, and our ability to maintain a health standard that surpasses all mandated health department standards. We, At Sicc Ink strive to be the best in the business. We even offer an apprenticeship program for those individuals interested in learning to tattoo themselves, and assist apprentices seeking their own license once their apprenticeship is completed. Size and demographics of the market Presently the national tattoo industry is booming and according to the US Economic Census the industry expects growth at a rate of about five percent a year. Several years ago estimations concluded that roughly 15,000 to 25,000 tattoo parlors remain in business accumulatively generating anywhere from two to three billion dollars annually. It is now 2013 and tattoos are continuing to gain popularity and acceptance at an accelerated pace. The costs...
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...Tuition Reimbursement Implementation XCOM 285 Essentials of Managerial Communication Tuition Reimbursement Implementation The popularity of tuition reimbursement programs is growing across America’s businesses. Some believe that tuition reimbursement for employees is only encouraging them to seek jobs elsewhere after the employee receives his or her degree. However, studies outlined by Pattie, M., Benson, G., & Baruch, Y., in Tuition Reimbursement, Perceived Organizational Support (2006) disclose that employers who take an active role in the education process with the employee are more likely to have higher ratios of employee retention after graduation. New Opportunities for Employees Career growth and advancement are two elements employees value about their jobs. It is essential for an employee to feel a sense of accomplishment when allowed to apply the skills gained through education to the employees current job rather than feeling as though they need to change jobs to apply his or her degree. Tuition reimbursement programs when coupled with career growth and advancement for employees can be extremely effective and lucrative for companies. For example, implement an incentive program for a raise or a promotion for employees close to graduation acknowledging their latest accomplishment. This type of tactical move by an employer encourages employee retention, making him or her feel valuable and important in their job. Employees feel valued when an employer...
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...Week 7 Written Assignment: Tuition Reimbursement Implementation Report XCOM/285 Essentials of Managerial Communication May 22, 2011 Robin Minard The following report was drafted to further explore expanding employee benefits within in the organization. We had a very profitable year and adding tuition reimbursement as an employee benefit for the employees working on their bachelor’s degree in business or communication can be a positive in more than one way. The organization is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs. Expanding the employee benefits to include tuition reimbursement will increase the level professional opportunities ( improvement in self esteem), increase the career options, and improve earning potential, increase employee retention, all having a positive benefit on the organization. National statistics show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees. Universities and community colleges also have started offering more flexible classroom hours for working students and even offer some degrees through online courses ( Schultz, 2007). An opportunity to obtain a degree will improve the quality of life for our employees. This investment in them will allow them to be the best employees for our organization...
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...TUITION REIMBURSEMENT IMPLEMENTATION SHON SMITH XCOM/285 OCTOBER 27, 2012 ROBIN MINARD Tuition Reimbursement Implementation The success of a company depends on the success of their employees. Opportunity and security is what employees seek when looking for employment. Many companies today offer a variety of benefits to employees i.e. health insurance, paid vacation and holidays, retirement, and various assistance programs. One program that I feel will be beneficial to our company and our employee’s is a tuition reimbursement program for employee’s who obtain their bachelor’s degree. As you all know the company has already approved a budget for the program so the cost of the program is not an issue. The addition of the program will benefit our company and our employee’s. The benefits and opportunities that the tuition reimbursement program gives our employee’s are endless. Tuition reimbursement will improve our employees overall skill level, education, job performance, and prepare them for promotional opportunities within the company. Employee’s that are well educated and have higher skill levels will add to the success of the company. I believe that adding the tuition reimbursement program will entice employees to stay with the company, which cuts down on the turnover rate. The turnover rate in the United States in 2011 was 38% according to the department of labor (myopenworkplace.com/2011/03/employee-turnover-rates). We have to invest in our employees if we want them...
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...Tuition 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 so this can be a positive in more than one way showing we care about their interest expand their career by going back to school. The company is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that the company has already approved a budget inclusive of this additional employee benefit costs by paying 100 percent for a A 70 percent for a B and a 50 percent for a C. Expanding the benefits to include tuition reimbursement will increase the way we retain people because they will stay with a company that helps with their school I did when I went to college because the company paid for it so it help make the choice. Study show during the last decade, more companies are offering a tuition reimbursement benefit and are spending more money helping employees get degrees the last two company I have been at have done it. Universities and community colleges have started offering more flexible way to go to college for working students and even offer...
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...Tuition Reimbursement Implementation Report XCOM/285 April 7, 2013 Keeping a company at the top of the game is no easy task for any president or CEO. They must have some of the best and brightest individuals in all areas in order to be successful. For a company to be able to fill those spots, it is extremely important to find educated people that are also motivated to help drive them forward. The best way to do this is to provide a tuition reimbursement program. Having medical, dental, and vision benefits is nice to offer to employees but, in today’s day and age it is more or less the norm. To keep employees happy and interested in coming to work or to help improve their skills, having a tuition reimbursement program is a key step in taking our company to the next level. As reported by Education-Portal.com, “Many successful companies that provide tuition reimbursement program showed that they have a low employee turnover rate while enjoying high productivities and enhanced efficiencies from the employees.” (Education-portal, 2013). This is what causes them to be at the top or run just like a well-oiled machine. This report will address the tangible and intangible benefits, the types of careers and earning potential and the new professional opportunities that a business and communication bachelor’s degree can offer. When looking at the tangible and intangible benefits to having a business and communication bachelor’s degree is how it will change the employee. The...
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...Tuition Reimbursement Implementation A tuition reimbursement plan offers many benefits to both employers and employees. The benefit to the employee is the opportunity to sharpen their skills through advanced education. The main benefit for our organization is the ability to attract and retain valuable employees. Tuition assistance is a powerful benefit that can be used as an advantage by our company to employ a better educated work force and a continued supply of qualified candidates to move up the chain of command. If employees are able to further their education they will become more skilled and as a result will provide more value to our company. The knowledge and skills that employees gain from their education can translate into a more confident, productive, on the job employee who has the ability to make executive decisions when the need calls. An educated employee is more apt to take on additional assignments, is more capable of utilizing leadership skills, thus improving the company’s professional image in the long run. The more an employee knows the easier it is to promote them upwards as well as laterally, developing a more rounded and happy employee. Providing tuition reimbursement develops team players through school studies increasing employee retention because employees are more likely to be loyal and dedicated to a company they feel is also loyal to them and has a vested interest in the development and success of its employees. Loyalty reciprocates because employees...
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...compensation strategies are charged with supporting the company’s mission and objectives through the development and implementation of strategies, which ensure that valuable workers feel secured at their work place and rewarded for their accomplishment. A successful company focused compensation strategy including tuition reimbursement, bonus and paid time off. They are valuable programs and creating attraction process for most common compensation programs. These strategies are useful tool to improve employee satisfaction and work ethics. But, used incorrectly, it can cause some financial damages and relation disconnect between company and work forces. Bonus, tuition reimbursement and paid time off can be created to reward individual performance which is related to company’s mission and building trust in the organization. Company can use these strategy tools to communicate a fresh commitment from the employer to the employees and remind workers how much they are appreciated. The purpose this report is to determine the proper amount of compensations gets applied for different jobs in the organization. The organization because persuading the incorrect determination can cause bad implications for the company and damaging the work ethics of the employee organization as well as the employer’s power to hire qualified employees. Another purpose of the research report Well treated employees make a major role in a company’s power to improve its product quality, services and make a profit...
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...Business Research Report Compensation Strategies Student Name: Shannon Prazen Table of Contents Executive Summary 3 Introduction 4 Research Findings....................................................................................................................................4 - 7 Finding Number 1………………………………………………………………………………………………………………………………4 - 5 Finding Number 2……………………………………………………………………………………………………………………………….5 - 6 Finding Number 3……………………………………………………………………………………………………………………………….6 - 7 Recommendation…………………………………………………………………………………………………………………………………….7 Conclusion……………………………………………………………………………………………………………………………………………….7 References………………………………………………………………………………………………………………………………………………8 Executive Summary Within this report I have completed research on three additional compensation strategies that have a focus on retaining and recruiting highly qualified employees in the manufacturing field. The additional compensation packages could be implemented into the benefit package already in place for both our exempt and non exempt employees, as well as future employees. The key factor in this report is to battle our problem of employee turnover. While we offer a very competitive wage for a manufacturing company we also need to show that we value dedication and above all pride in a job well done. We need to make sure that we are encouraging the quality of the work performed meet existing standards, and also provides the extrinsic motivation needed to...
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