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Enhance Your Employee Benefits Package With Tuition Assistance

Mar 06, 2019

By Pam Carlson

Did you know employee benefits make up a third of compensation costs?

That’s what the Bureau of Labor Statistics reports—and with the unemployment rate currently around 4 percent, attractive benefits are only going to become more important when it comes to recruiting talent and reducing employee turnover. In fact, more than two-thirds (72 percent) of employers responding to the Society Resource Management for Human (SHRM)’s annual survey report increasing benefit offerings in...

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Corporate Tuition Assistance Programs Deliver Results for Employees—and Employers

Jan 18, 2019

By Matt Konrad

The line between “student” and “employee” has never been blurrier than it is in 2019. Over the past four decades in the United States, the workforce and the college population have converged like never before. More than half of all college students now hold down jobs while attending school full time. Nearly half of all community college attendees are already employed when they start school, and 76 percent of graduate students are working at least 30 hours per week.

What’s...

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Employee Education Benefits: Starting a CTE Scholarship Program for a Trade Workforce

Mar 01, 2017

Now in its eleventh year, the ManpowerGroup’s 2016 Talent Shortage Survey asked more than 41,700 hiring managers in 42 countries about their companies and employees. And for the fifth year in a row, the survey found that skilled trades were the hardest jobs to fill globally. The reasons? Here are the top five:

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Promoting Your Company’s Education Assistance Program to Employees

Feb 04, 2017

Does your organization offer an education assistance program -- a scholarship or tuition assistance program, for employees or employees’ children? It’s a terrific benefit, but one aspect is often overlooked: making sure your employees know about it. 

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Boost Employee Retention: Assess Your Education Assistance Program

Nov 16, 2016

Update, November 2016. As the American economy continues to return to pre-Great Recession levels, employers across the nation are slowly shifting their focus to retention. In this post, originally published in late 2015, we looked at how job satisfaction (and employee retention) can be improved by offering education assistance. Here's what HR and benefits managers need to know.

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How Educational Assistance Programs Can Help Employee Retention

Sep 16, 2016

No matter how you look at it, the outlook for the current U.S. job market is bright. As of the most recent Bureau of Labor Statistics Employment Situation Summary, the unemployment rate had declined to 4.6 percent, and employers across the country added 178,000 jobs in November 2016.Of course, a better market for employees means that employers need to focus harder on retention. In July 2015, we took a look at job satisfaction rates -- and how a company's tuition assistance program can affect...

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Why Companies Are Paying Employee Student Loans

Aug 08, 2016

While the United States’ economy has shown encouraging signs of recovery in recent years, one issue continues to get worse: the student loan debt crisis.

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How Student Loan Repayment Benefits Everyone

Jun 14, 2016

For the last decade, the ongoing crisis in student loan debt has loomed over every aspect of higher education, from choice and enrollment to post-graduate payback. At times, the trillion-dollar mountain of debt has seemed insurmountable. But today, with increased commitment from both the public and private sectors, new strategies are emerging to take on the crisis -- strategies like corporate student loan repayment and the Student Debt Challenge.

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Community College Scholarships Can Boost Your Workforce

Oct 05, 2015

Students pursuing their postsecondary degree come from all walks of life. That’s especially true at community colleges, where more than 12 million students earn degrees, enroll in continuing education classes, obtain certifications and more.

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Improve Your Tuition Management System -- And Your Bottom Line

Jul 08, 2015

The U.S. job market is bright, according to various news sources that recently reported on the Bureau of Labor Statistics’ Employment Situation Summary. This past month, employers added 223,000 jobs across the country, and the unemployment rate declined to 5.3 percent. That’s good news for employees, who have better chances for keeping their jobs – and for employers, who want to retain those skilled workers.

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