Essay on Tuition Reimbursement

1174 Words Apr 11th, 2009 5 Pages
RUNNING HEAD: Tuition Reimbursement

Tuition Reimbursement
Joshua Newton
DATE
Tuition Reimbursement Most students have issues planning out how to pay off loans or even get money to attend college, majority of people paying for their education need to have loans to help pay for tuition to attend school. But now more than ever, companies offer tuition reimbursement for their employees. Usually companies offer this opportunity to help further the education of their employees to improve and obtain professional capabilities by studying in universities for specialized jobs or career training (California Institute of Technology, 2007). Obviously, employees who need tuition help love this opportunity and companies that offer tuition
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Some companies deduct what they pay for education from an employee’s final paycheck, and continue to send them bills, if an employee chooses to leave the company sooner than the company considers appropriate. The downside to employer reimbursement is that the employer will be initially losing money. Furthermore the credits the employer pays for, may not all be related to the tasks the employee is currently or will be asked to complete. Another downside would be the employer will have no control over the amount of effort an employee puts into his or her studies, or predict if offering reimbursement will improve their work quality and ethics. Once an employee accumulates his or her degree, they may leave the company with a more substantial paying job. The impact the course will have on an employee’s productivity could not be good, though the impact will be temporary. Making employees more valuable also makes them more valuable to competitors, an unavoidable fact that better-educated employees are more desirable targets of recruiting efforts from other employments. The truth is most companies offer a tuition reimbursement program as a benefit to their employees. Although it is recognized as a great way to expand the knowledge of their workers, it is also a way for them to guarantee the longevity of their career paths and reduce turnover. With that in mind, most companies have very clear,…

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