The Pros of Offering Educational Benefits for Employees

October 23rd, 2014

Are you debating about offering educational benefits for your employees?

Today’s post is by Alyson Usserman; Account Manager at SafeSourcing.

In the modern business world of 2014, employee benefits play a huge factor when it comes to potential employment candidates, hiring, firing, and the overall company bottom line.

Potential employment candidates, as well as other established employees, are always looking to further themselves. You want your employees to maintain the “go getter” attitude that keeps them motivated and working for your company, but what drives this attitude? Of course ambition; that is a given, but if you offer incentive to keep learning, will they do so? If your employees continue their education, does it benefit your company as a whole? The answer is yes. Having employees that have multiple degrees can benefit the company greatly because, in theory, the employees should then take their learning from the classroom to the workplace and improve the company.

Educational benefits are becoming more common across the United States, but what are the potential ramifications? One of the largest issues that Forbes discusses is the fact that the employer puts monetary value on their employees, they invest in them. When the company makes an investment in their employees they are looking to reap the benefits of that investment. Many companies are offering educational benefits with “strings attached,” Basically forcing the employee to sign a contract that says, “if we, the company, pay for your education, you cannot take that knowledge elsewhere.” Many companies put minimum grade point average expectations, service requirements, and any other “strings” they can because they want to protect that investment from leaving to go to a different company.

SafeSourcing can help you lower your overall company spend so that way you are able to offer more employee benefits to attract more employees and can grow your company. For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative.  We have an entire customer services team waiting to assist you today.

We look forward to your comments.

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