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Partnering with Higher Education

With many companies looking for ways to save money during current events, some are looking more closely at their tuition reimbursement and professional development budgets. A partner in the higher education field can make all the difference. These partnerships can assist organizations with their individual goals for leadership development, succession planning, employee retention, and recruitment of talent.

Companies can see over 120% return on investment (ROI) by offering a tuition reimbursement program for their co-workers. The results of these investments are quickly seen through increased employee retention. Studies show that employees that have utilized their company’s education benefits are 80 more likely to stay with the company. As a result, recruitment costs are lower due to less positions needing filled and a greater number of qualified internal candidates in their talent pool.

Succession planning and employee retention are also vital to the sustainability of companies, in the current job climate. Providing professional development and tuition reimbursement can help you grow your workforce to its full potential, while helping your employees feel more engaged and effective in their roles.

Finally, when companies partner with higher education facilities, they then have the ability to work with the university, in an advisory capacity, to design educational programs to fit their individual organizational needs. This not only ensures that their co-workers will be highly skilled at the completion of the program, but also that there will be a number of skilled graduates, both nationally and internationally, that can be funneled into their specific industries.