Topeka Lathers Tuition Reimbursement Implementation Report XCOM/285 Robyn Walker January 9, 2014 Every company has employees that would like to further their education. For the employees of our company, there is no better time than now. Recent approval by our company to budget for tuition reimbursement for employees seeking opportunities to enhance their skills in their field of work, we will see high interest in ambitious and talented employees. In this paper we are going to discuss professional opportunities business and communications degrees offer, different career opportunities available for individuals with these degrees, the earning potential of individuals with the degree, and how …show more content…
Some company pays educational institutions directly for expensive, intense training programs that require payment up front (O’Reilly, Brendan 2001). Today, nearly 15 percent of our domestic workforce is enrolled in college and university coursework, more than half seeking advanced degrees. Our participation rates are three times the national average for companies with similar programs. And, participants' retention rate is double that of all employees (Cassidy, John F. 2004). People with degrees of business and communication have the upper hand compared to those that don't hold a degree. Those individuals holding degrees obviously have a better chance of advancing within the company. This way both the individual and the company benefit from this move as with employees look to grow within a company, make more money and be a part of a stable and comfortable environment. Furthering education in business communication through the workplace has its advantages. Employees are faced with lots of options such as serving as spokes persons for their company where they will be entrusted to keep good interactions. They would be required to keep great inner communication assisting those involved with publishing, company and corporate representative. Types of careers people with a degree have are more varied than
The audience for the Tuition Reimbursement Proposal is the Executive Leadership Board at Oregon Providence Health Plans. In addition, this board consists of eight members, highly educated professionals, with years of experience, and speak fluid English. Providence Health Plans believe strongly in employee education, whether it is learning new software programs or for personal job growth. Furthermore, because the organization is supportive of their employees, the proposal should receive a positive response. Although, one area of concern is the budget cuts that affect all the departments within the Healthcare Plan. It will be important to provide detailed facts to support my position on this proposal and why it is valid, even though the organization
Tuition Reimbursement Program is a contract between the employer and the employee that summaries specific terms in which the employer may pay for the employee's continuing education. Usually, tuition cost is paid in advance by the employee and reimbursement is paid later by employer depending on the criteria of the company program. The Internal Revenue Service refers to the Tuition Reimbursement Program as an Educational Assistance Benefits which is tax-free up to $5,250 a year for tuition fees, books, supplies. But the student must attend a qualifying educational institution and maintain a “C” letter grade or higher (IRS, Publication 970, page 60 & 67).
This paper will discuss Tuition Reimbursement and how it will benefit both the Sue’s Things Company and the employees that work there. It will be able to open new positions, giving the employees new opportunities to move ahead and make more money, and bring in new workers to replace those who have moved to a higher position increasing the workflow for the business and bringing in more profit for everyone.
Making more money would not be the only benefit that employees can get. They will have more knowledge of making more educated choices in their personal lives such as retirement plans and investment options. More doors open for the employees who have a degree because of the training and experience that are
Interesting post! I get what you’re saying about the skilled nurses being overworked and most are put in specialties where there is no wiggle room for certified nursing assistants; because they would have the have the specialty training as well. Sometimes you luck up and find an employer that will pay the tuition reimbursement to further your education, but when that happens this still hurts the retention process because the demand is landing a position with growth potential.
The following report was helping us explore why we should expanding employee benefits with in this he company. We had a good year but without a good year it would benefit the company so adding tuition reimbursement as an employee benefit would be great. It would help the employees working on their degree in business or communication as they are working for us so this can be a positive in more than one way showing we care about their interest expand their career by going back to school. The company is in the perfect position to proceed with the education reimbursement employee benefit due to the fact that
Due to the ever changing landscape of the business world many employers often send their employees to attend trainings and seminars. Though this specialized training sessions are costly the return a company gets from it is worth the investment. A company that constantly sends its employees to school to acquire a fresh and new ideas has a greater advantage than a company that do not offer such benefit.
Having a bachelor’s degree also comes with a high ranking position and an increased salary which leads to more responsibilities for the individual.
Tuition Reimbursement is a viable option that our company should look at as a means of giving our employees a way to advance their education and their positions in our company. This company was built by people and it is in those people that we should invest in, nurture and show that we are committed to their success not just here but in their life success. Often times companies look outside of their own ranks to hire people with advance degrees or more experience when there should be people here that get promoted so that growth my begin from the entry level as it should like the roots of a tree. Many of our employees are not satisfied in the positions they are in but this is not to say they are not satisfied with the company but they
will not have only on our employees but also the company. For the program to be successful we need
As the world of work becomes more complex, many workers need training to avoid losing their jobs or being passed over for promotion. Consequently, many who would not have considered college 20 or even 15 years ago are finding themselves back in school. As adults become students, employers, colleges, and workers are changing old notions about how to go about pursuing higher learning.
St.Amour 1Mitchel St.AmourProfessor OlsonComp II8 February 2018The College ProblemThe investment of higher education has been debated for a long time. By today’s standards, it can either be too expensive or seem to be too high of a risk for so low of a reward. It surely doesn’t help that other alternatives can contest the outcome of higher education, but should that influence the question of: should all Americans go to college? To say that all Americans should go to college is a blanket statement; instead it should ask: Should Americans attend college? To that question, many of the same concerns arise with the price of higher education and payoff of a diploma. While the cost can be a detriment to the wallet,
In today’s ever changing job market, having a degree in business or communications will allow our employees to compete in a market that is as tough ever. It will give them the ability to think outside the box, and help keep our company on the cutting edge of thought and financial comparisons to the other top companies in our field. People with these degrees will be able to work in all types of fields; from financial analysts, marketing, human resources, CPA’s, and accountants. All of which are available and expanding positions within our company. I can’t reiterate enough how important it is to hire from within. We would no longer have to hire an outside talent that has no idea what we are trying to achieve and the type of environment we are looking to cultivate. We need to hire an employee from within who can hit the ground running. We need to be known as a place that treats its employees like family, where everyone has a name and is not just a number. Finally, it’s important to see the affect this will have on the bottom line of employee salaries. For, when you bring in new talent, you have to pay them hire salaries on average. As opposed to hiring from within where promoting someone with little experience in that position will be willing to start off at a lesser salary, and will be willing to prove their worth over time given the opportunity. This as a whole goes back to my point of employee appreciation. After all who would want
Business communication can be defined as the process of sharing information among business professionals, prospective customers, and affiliates who are associated with an organization. The essential skills of business communications are currently in demand and highly required for the workforce for the modern workforce. To be an effective communicator is to have the ability to respond with skill, confidence, and assertiveness and is pertinent to the quality and expertise business professionals considered for employment. Hence, knowing how to communicate properly in an organizational structure requires the skill of communication necessary to interact with different levels of management. In a world
Business communication is abound in today's society. The ability to communicate has always had its advantages, with its rich history, and traditions, modern business communication is valued as a modern day concept. Business executives rate the ability of business communication skills as among the personal factors necessary in gaining a job. As stated by Hynes (2005)” effective business communication is the key to planning, leading, organizing, and controlling the resources of the organizations to achieve objectives” (Conrad & Newberry, 2011, p112). This essay will examine what business communication skills is needed for the process of graduating in Westminster Business School, while giving recommendations in studying