Photo by Elisa Calvet B. on Unsplash
Tuition assistance benefits are not a novel concept, but as hiring managers work to recruit and retain workers with in-demand skills, its popularity appears to be gaining steam across industries. Major retail, automotive and manufacturing companies have recently boasted new or improved tuition assistance programs, while more employees are expecting their employers to invest in their continued education.
A recent workforce survey conducted by Strategic Education, Inc. found that 91% of U.S.-based full-time employees believe employers should invest in employees’ continued education.
Employee education models may sometimes rely on in-house trainings in which the employer controls what, when and how employees learn. When it comes to ensuring the workforce has the desired skills, however, this approach may not be moving the needle—at least employees don’t think so. In fact, the survey conducted by Strategic Education, Inc. found that the most frequently reported upskilling opportunity provided or supported by full-time workers’ current employers was in-house trainings (53%). The same survey found that while 74% of employees receive upskilling opportunities from their employer, half are worried about gaining the skills needed to advance their careers.
For example, we’ve worked with many large employers to launch an education benefits management platform where employees can pursue a degree from a variety of educational providers at little to no cost. The platform is designed to allow for autonomy over what, where and how to study while remaining true to the goals of the organization.
Here’s what we’ve seen works with our employer partners:
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