Many workers say that tuition reimbursement programs are a big draw for potential employers. In fact, many students even say that is one of the biggest things they look for in employers when comparing job offers. Those are the employees you want to attract: they are clearly ambitious, smart and are looking to continuing education to increase their knowledge and worth to their field and company.
You may wonder what happens if one of your employees takes the money from your tuition reimbursement program to obtain a continuing education degree and then quits for a better job offer. Well, most companies have a clause in their tuition reimbursement agreements for this sort of thing. They will require that students who are reimbursed for their continuing education expenses continue to work for the company for a period of time after completion. If they quit early they may be required to pay back the money to the company.
It is in your best interest to look in to ways to increase your company’s competitive stance in the job market. Start a tuition reimbursement program today and begin to see the quality of your job applicants increase almost immediately. It is a win-win situation for everyone involved.
