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Tuition Reimbursement Implementation Report

In: Business and Management

Submitted By sammydao
Words 1076
Pages 5
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. Also a potential promotion once the employee is done with obtaining a degree. For our employees that already have a degree, they could be interested in taking a class that is related to their jobs, just to get updated information and apply it to their current jobs or positions. Our non-managerial employees could start to think of applying for a managerial position once completing their...

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