Tuition Management Solutions and Employee Recruitment & Retention
According to the U.S. Bureau of Labor Statistics, about 40 million American workers quit their jobs every year, leaving employers with many vacant positions and limited options to help fill them, especially in today’s competitive job market.
What's more: it's becoming increasingly expensive to recruit top workers. Research shows it costs up to $40,000 to recruit new employees. The solution? Look to your most important asset — your current employees.
Research shows that 94% of employees would remain in their organization if they had the support of employer-sponsored tuition assistance to grow their skills and further their careers.
Organizations that invest in tuition management solutions such as tuition reimbursement programs for employees, an employee education assistance program, and/or student loan benefits programs will see a bump in employee retention.