Monday, November 2, 2009

Continuing Education on Your Time on The Boss's Dime

Nursing, education, IT, business and communications are among the leading fields offering employer paid educational advancement.

Whether in the form of a degree or certificate, these fields are seeing more and more employers footing the bill for their employee's education. Employers in these fields see tuition assistance or reimbursement as a perk which helps career motivation and ensures that employees will stay with the company for years in the future.

The 2009 Employee Benefits Survey conducted by the Society for Human Resource Management found that 63% of surveyed employers offer undergraduate educational assistance and 59% offer graduate educational assistance. Further, only 7 percent of employers who offer educational assistance plan to reduce or eliminate the benefits in the coming year. This proves that employer funded educational assistance is here to stay. This mutual educational experience leads to more satisfied employees with cutting-edge, innovative ideas which, in turn, benefits the employer.