Preview

Tuition Reimbursement Implementation Report

Better Essays
Open Document
Open Document
1148 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tuition Reimbursement Implementation Report
Tuition Reimbursement 1

Tuition Reimbursement Implementation Report
Ronn Westmoreland
University of Phoenix

Tuition Reimbursement 2 In today’s world, people of all ages are choosing to further their education by obtaining some sort of degree from a college or university. This has been made easier for most people because now there is an option of taking courses online rather than having to attend classes on campus. It also gives people the opportunity to work full time while furthering their education and using that opportunity to move through the ranks of the company. With the profits that our company has made over the past year, I believe it is in our best interest to use this money to help our fellow employees with tuition reimbursement during their time here. A plan to implement a tuition reimbursement can bring professional opportunities to our company and help drive employees to different career fields that are within our company plus the benefits that can brought with it. A tuition reimbursement plan can help expand the knowledge of the company to our employees who decide to further their education. Taking business based classes can help employees see what opportunities their future can have. A few employees who were just seeking a job might consider going to school and turn the job into a career with the company. Taking classes that are based on business etiquette, management and leadership skills, and how to use communication in a business setting will help employees to be a strong leader. Not only can going to school can help employees become strong managers, there is also a great chance of earning a larger income and being promoted within the company. The employees who choose to use tuition reimbursement and stay with the company after receiving their degree is like the company investing on its own future. This investment is an affordable way to increase the retention rate in the company as well and prevents us from



References: Locker, K.O. & Kienzler, D.S. (2008). Making Oral Presentations: Business and administrative communication (8th ed.). Boston, MA: McGraw-Hill. Lynn, K. (n.d.) College Life: 6 Financial Benefits of a College Degree. Retrieved November 14, 2010, from: http://collegelife.about.com/od/academiclife/a6FinancialBenefitsOfA CollegeDegree.htm Roth, J.D. (2008) Get Rich Slowly: The Value of a College Education. Retrieved November 14, 2010, from: http://www.getrichslowly.org/blog/2008/01/10/the-value-of-a-college- education/.

You May Also Find These Documents Helpful

  • Good Essays

    The approved original forms will be returned to you to be retained until the end of the quarter/semester.…

    • 1070 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    HR 400 Unit 7 Assignment

    • 669 Words
    • 3 Pages

    Enjoys our benefit for paying for employee’s tuition if they wish to obtain a higher degree…

    • 669 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    These positions include but are not limited to, management, finance, human resources, legal, or corporate operations. Benefits from obtaining degrees and specialized certifications in programs will also increase employee’s salaries. According to an article published in the U.S. News “Research has shown that college graduates earn, on average, about $20,000 a year more than those who finished their educations at high school (Clark, 2008). Completion of specialized certification outlined in the company’s Employee Handbook will result in a 3% annual salary increase. Completion of formalized degree programs outlined in the company’s Employee Handbook will result in a 10% annual salary increase. In addition to the monetary gains that will be available for all employee’s, it is the company’s belief that each individual who takes advantage of this opportunity will reduce the individual’s chances for job replacement and redundancy options, which could result in future layoffs or termination. In addition, each employee can further develop their skills, while experiencing little to no financial impact to their personal life. According to the FRBNY Consumer Credit Panel/Equifax, “the average outstanding student load balance per…

    • 1059 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Here you will find the information you requested in November including information that adding tuition reimbursement for a bachelor’s degree in business and communication benefits the company.…

    • 2559 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Eric Scott, eHow.com, What Are the Benefits of Offering Employee Tuition Reimbursement? Read more: What Are the Benefits of Offering Employee Tuition Reimbursement? | eHow.com http://www.ehow.com/list_5984017_benefits-offering-employee-tuition-reimbursement_.html#ixzz1KCfLNKrx…

    • 1112 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Garden Gate

    • 766 Words
    • 3 Pages

    The key problem with the tuition reimbursement program is a lack of internal recruiting. Supervisors are not monitoring the internal job postings to ensure employees are informed of internal opportunities. It seems that the information in the human resources database is not accurate and should be continually updated. It is an informational database that can be a great resource to stay on top of internal candidates if utilized correctly. Since the departments that have openings recommend employees that they felt to be promoted is a great concept however it can leave others who are skilled for that department but not currently employed in that department outside of consideration for a position.…

    • 766 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Our company has had a very profitable year and is looking to expand our employee benefits. As an employee in the benefits department, I have prepared this report of providing tuition reimbursement implementation to qualified employees for the bachelor’s degrees in business and communication. This report is going to discuss the effect and benefits adding tuition reimbursement implementation will have on both our company and our employees.…

    • 1094 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    In conclusion, after examining the advantages and disadvantages of a college education as it relates to student loan debt, it is very clear that there are more benefits of a college degree over the course of a lifetime; however, without the proper planning, it may not be for those who have incurred tremendous debt. Additionally, student’s ability, major, and lifetime expected earnings are significant when weighting the investment. The return on the investment has been well-documented in prior research. I agree that there are numerous benefits of earning a college degree due to my own educational background.…

    • 484 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Robin Wilson had quite a compelling article, showing the potential contrast with the debt vs. the quality of life and stability a degree can provide. Wilson overall points show that the American dream we are all striving for has changed. She is able to demonstrate this through the use of several anecdotes. Wilson interviews with various professionals to see how they use these degrees to better themselves. In doing so she highlights various pros and cons of having a college education vs. the amount of debt they are now responsible for.…

    • 889 Words
    • 4 Pages
    Good Essays
  • Good Essays

    “It’s just extremely disappointing and aggravating to have paid all that money and have nothing to show for it other than debt.” proclaimed Michelle Polyakov, an English graduate from Drake University. Polyakov obviously feels that college is not worth the cost and that all someone has to show for the education is debt. College has been deemed, by some, that it is not worth the cost because of the financial loss, the future job security, and the need for “blue collar” jobs. Finances, job security, and the need for manual laborers are all major factors in the debate of college and its cost. The reason being is because not all people are meant to go to college, or their situation just isn’t ideal. College is a privilege, and not every job requires you to have a higher form of learning, but most do. By viewing the debt of a student after graduation, the job security of graduates, and the need for manual laborers, one can infer that college is not worth the cost.…

    • 955 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Having a college level education can make the life changing difference between having a job you love, and being forced to do something you don’t particularly enjoy for the remainder of your life. In addition to that, a college education opens several doors which have numerous benefits including better job opportunities, having a job you love or are pleased with, job stability, and earning more money. My college education will allow me to experience all of that, as well as acquire knowledge in my field and knowledge in things not directly related to my career of personal training. I am pursuing a college degree in order to make more money in the field I am going into; without it I would make a significantly less amount.…

    • 484 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Another good reason why you should get a business management degree is because you may actually start with a better pay grade if you do have a degree. Many companies or businesses like to see people with a degree and will start those job applicants at a higher pay scale than those employees that have worked their way up in the company or do not have a degree.…

    • 602 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Target Customer The target customers for the 100 GB Dropbox Student Offering accounts are college students, both undergraduate and graduate students alike. These students should have a need for a larger amount of storage than the 2 GB offered as a free service. In addition to requiring additional storage these students should have the need to access documents from multiple devices. Sample Data To generate sample data I used a survey with the question “How much…

    • 289 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Training Bond

    • 506 Words
    • 3 Pages

    In the case of me and access bank understanding fully well this concept with regards to the fact that the bank’s training school is one of the best you can think of to start a career. With the realization of the fact that a four year bachelors degree and then a masters degree would not fetch me the on the job experience I would require to start a career, here I am with an intention to start one at one of the best training school time and money can buy, then I should be continually grateful with such an opportunity. Training is an important business investment and like all investments companies expect considerable returns. These returns are sometimes measured in terms of successful implementation of the new skills that actually reflect on business results in terms of quality and productivity. Many companies measure returns in terms of the amount of time that the employee is able to utilize the new skill at work, hence companies require employees to enter into an agreement for the employees to return the investment through service tenure hence…

    • 506 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    speech format

    • 21793 Words
    • 122 Pages

    by the Malaysian People’s Movement Party (Gerakan) and supported by the Yeap Chor Ee Charitable…

    • 21793 Words
    • 122 Pages
    Powerful Essays