Productivity

• A major positive result of the tuition reimbursement program is increased productivity. Out of the new skills gained by the employee, the overall output and effectiveness is improved and employee development is achieved. Many employees will seek knowledge in IT technology, and as such, they will be proficient in using computers, thus making complex work easier and reducing the time involved in accomplishing such tasks. Any company that empowers its employees with such education lays a foundation of trust between the employer and employee.
  
  

Savings Achieved

• The costs of hiring and firing employees are expensive compared to sustaining satisfied and motivated workers. First of all, tuition reimbursement programs ensure that there will be a minimal need to hire new personnel because the present employees have gained extra knowledge to solve the other problems that would have required seeking or contracting services from external sources. As such, the company saves on time and costs that would have otherwise been incurred in the recruitment of new personnel. These savings can be used to better the company in several other ways.
  
  

Government Take

• Many governments offer tax incentives or benefits to companies that offer tuition reimbursement to their employees. The government sees these companies as the ones that give back to the society. This gesture is then rewarded through reduced taxes on loans, production costs, licenses and more.
  
  

How the Reimbursements May Be Conducted

• The company may choose one of several options to enable the employee to cover the coursework comfortably and successfully. Time taken out for such activities needs to be planned for well, with a view to avert sabotage of the company itself.
  
  

Part-Time Reimbursement Programs

• The company assists the employee by paying part of the fees for the classes which the individual attends after working hours or during the weekends. The employee may also have the freedom to choose an area of study of his liking as opposed to what the employer wants him to study. The basis on which an employee may get such benefits may be defined in the company's statutes -- an example may be the minimal number of years one has worked for the company.
  
  

Company-College Tuition Reimbursement Program

• With the company-college tuition reimbursement program, the company joins with an institution that offers specific courses of the company's liking. The lecturer may sometimes be obliged to go to the workplace for the tuition sessions, or on the other hand, the employee may attend classes at the institution.