What is Tuition Assistance?
Tuition assistance is when a company pays the cost of an employee's tuition fees for an academic programme. This is a great way to ensure employees are skilled to the same level and to promote learning alongside working.
There are several options for providing tuition assistance to employees. Employees can be partly reimbursed for the cost of tuition, they can be fully funded, or sponsored.
Why should you offer tuition assistance?
Funding your employees' education means you'll benefit from access to a highly skilled workforce who are trained to the same level of education. Funding this means that your employees can apply their learnings to their role, and also creates a sense of loyalty where employees feel valued and supported professionally by you.