The learning curve: the value of tuition assistance

Citation

Johnson, R. (2006), "The learning curve: the value of tuition assistance", Development and Learning in Organizations, Vol. 20 No. 3. https://doi.org/10.1108/dlo.2006.08120caf.004

The learning curve: the value of tuition assistance

The learning curve: the value of tuition assistance

Johnson R.Training (USA), November 2005, Vol. 42 No. 11, Start page: 30, No. of pages: 4

Purpose – discusses how US companies should manage their tuition assistance programs that reimburse employees for the fees that they have paid to enroll on college courses. Design/methodology/approach – summarizes research carried out by the Council for Adult and Experiential Learning, which surveyed 1,304 US human resource managers about the benefits that their companies offered to employees to help them with their self-development. Advises on how to assess the value the company gets from its tuition assistance program and on how to make sure that the courses that employees take are aligned with the company’s business goals. Findings – reports that US firms spent $10 billion on tuition assistance programmes in 2003. Points out that few assessed the return-on-investment that they got from this. Underlines that the research found that companies benefited from their tuition assistance programmes through increased retention, better job performance and from more highly-skilled employees. However, also underlines the need to ensure that employees develop skills that are relevant to the organization. Originality/value – assesses the value of tuition assistance schemes.Style: ViewpointISSN: 0095-5892Reference: 35AA404

Keywords: Benefits, Education, Employee development, United States of America