In the five years following CorpU's study of tuition reimbursement programs, companies have been retooling their approaches to tuition reimbursement/prepayment for certificates, courses, or programs to develop individual skills. During the Great Recession, many US-based Fortune 1000 companies trimmed these programs or suspended them as a way to conserve cash during the turbulence. In general, a scan of companies indicates that the programs have progressed little from their perception as a check-mark employee benefit, with little attention paid to whether a company gets any value from the money spent. Some companies, however, have been making adjustments to governance and measurement to align these programs to serve as part of a broad strategy to develop — and retain — staff.
A few interesting trends are worth noting:
Members of CorpU can read more detail, including information from the industry data scan and some of the implications below.
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