How Tuition Reimbursement Can Work
The tuition reimbursement plan of your company can cover many different elements, from tuition costs to book reimbursements. It's important for functional leaders to become familiar with their organizations plans. Here are a few things to pay special attention to.
Types of Programs Covered
Tuition assistance programs can pay for courses, certificates or degrees typically for undergraduate and graduate programs. In addition to degree programs, some companies also reimburse tuition for high school diplomas and GEDs.
Payment and Expenses
Within tuition reimbursement programs, some organizations offer tiers of payment that can be based on grade. In addition, some programs might cover expenses such as books, commuter fees, internet service and technology related to the course of study.
Institution for Study
If you have a tuition assistance program make sure you also look at what learning providers and university your organization may have a special partnership with. Those partner benefits may also provide tuition savings your team can take advantage of.
Deliberate Learning Pathways
Make sure you're having check ins with your team. During those times check on skills gaps and see what they might need to advance in their career. Then look for an educational provider that specializes in those skills sets and look at developing a learning pathway that helps close those gaps.