| Most midsized and larger corporations offer tuition | | | | recruit new talent to the company and employees |
| assistance to their employees. This means the | | | | using the education assistance may stay with the |
| company will either reimburse or pre-pay for | | | | company longer. Research shows greater |
| college courses taken towards a degree, | | | | employee loyalty when employees benefit from |
| certificate or a group of job-related classes. | | | | education reimbursement. |
| Organizations spend billions of dollars per year on | | | | 3) Your company's aligns education benefits to |
| these programs, but many companies do not | | | | Talent Management and Career Development. |
| approach the program as anything but a | | | | Managers and executives view education more |
| necessity or a way to compete for talent. | | | | than just an expense but an investment in their |
| There are 4 major approaches to using Tuition | | | | employees. Employee loyalty is even stronger |
| Assistance Programs and one is an unusual | | | | when education programs are tied to Talent |
| approach. The major approaches are TAP as: 1) | | | | Management. |
| benefit 2) recruitment and retention tool 3) | | | | 4) A few companies use education assistance for |
| benefit aligned with Talent Management or Career | | | | their employees with skill sets no longer needed in |
| Development 4) exit strategy | | | | the future. Employees are encouraged to go back |
| 1) Your company's education assistance is a | | | | to school for a new career in a new field. |
| benefit to employees. This is the most basic | | | | Best practices in Tuition Assistance Programs |
| approach and the most popular. Your company's | | | | combine support from managers and executives |
| competitors offer reimbursement for education, | | | | and align policy with Talent Management and/or |
| so your company follows suit. | | | | Career Development. TAP becomes a talent |
| 2) Your company's education program helps | | | | strategy and not just a benefit. |