Tuition reimbursement is often seen as a risk among employers. Some consider the act to be mere encouragement for staffers to head out the door after receiving modern training. Others consider the risks associated with supplementary education to be far from worth the reward. Still others simply refuse to support the further education of their workers on theory. Out of all of these reasons, however, there is not one with enough sincerity to dismiss this often-beneficial practice.
In today’s shifting markets, companies are coming up with new and alluring ways to keep employees. It seems that, despite many advances, companies are still fairly averse to supporting the progressing education and benefit of its workers. In the views of the experts, nothing shows good faith in employees to a greater degree than support for the future and fiscal substantiation of said support. The educational value of workers can be an asset not soon forgotten.
There is some truth to the idea that workers will flee the scene after receiving costly education, as has been demonstrated to be the case in some instances. However, more often than not this is not the case. Employees tend to stick with companies that provide for them because, as is generally known, satisfaction is the top priority for the North American worker. Workers will not leave companies for greener pastures if their needs are being met. If the needs of the workers are not being met, many would argue that the employer deserves to lose out.
So it all comes back to the issue of tuition compensation. The act of reimbursing workers for education while under the roof of a company is nothing new. Long before the industrial age, owners of small businesses would supply their workers with time and benefits that far exceeded the norm. They would sponsor schooling for young workers and support families. Many argue that the notion of “profit above all else” has done more harm than good for the majority of companies. Few argue the contrary.
With small businesses enthusiastically driven out of competition by larger firms with more monetary offerings for young workers, one carrot that can be dangled with some success is that of tuition reimbursement. Showing young workers that they matter is a coherent first step to making big moves in business and worker-owner relations.
Tuition Reimbursement for Employees - To learn more about this author, visit Louis Trahan's Website.
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Louis Trahan
(Visit Louis's Website)
Having traveled extensively to over 27
countries, Louis has liaised and conducted
training for business people worldwide. A
prolific public speaker and successful
trainer Louis was a panelist at the
International Chamber of Commerce's World
Congress held in Quebec City .
Always seeking opportunities and creative
solutions to help his fellow
entrepreneurs, Louis launched Last Minute
Training (ww
w.lastminutetraining.ca), one of the
first companies to offer top quality
training at discounted prices. This new
venture connects entrepreneurs, human
resource managers and certified
professionals with highly sought after
professional development training for a
fraction of the cost, while helping
training vendors increase their bottom
line.
Last Minute Training's extensive list of
computer and corporate training makes it
easy to find the training you need at
prices you can afford. Check out their exce
l training in Toronto to see what we
mean!
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