While the potential benefits of tuition reimbursement plans are widely discussed, the real question is can they prove that they are actually receiving these benefits, and that the benefits are outweighing the costs.
According to an article in CFO in April 2008, a recent study of 180 companies found that almost half of them neither measure the impact of their tuition reimbursement plans on retention and recruitment nor follow-up with employees and managers to learn how the programs affect job performance.
For emerging and medium-sized companies, this can be a powerful benefit to offer. The key is to track the investment you make to make sure you are receiving an adequate return. Deciding whether a tuition reimbursement plan is right for you can easily be decided by an interim CFO Advisor.
