(Photo: Shutterstock)
Employers are continuously evaluating the ROI from their employee benefit offerings, and to find balance in how they attract and retain employee talent. Tuition reimbursement is one of the tools that employers have used to boost perception of the benefits offering, yet do so at a low cost and drive strong ROI for their investment. While tuition reimbursement benefits have been used by employers of all sizes for many years, the financial crisis of late 2007-2009 and the more recent COVID-19 pandemic created what might be thought of as gap years for employer-sponsored tuition reimbursement as employers focused more on containing costs due to the challenging business environment during these periods. Given the current labor market challenges with attracting and retaining employees, we are seeing a resurgence in the interest and deployment of tuition reimbursement programs to help set themselves apart in the competition for talent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
