Tuition Assistance Program Best Practices
Customer stories, tuition administration best practices, tips, tricks, and more
Featured
Read our annual best practices guide, featuring recommendations and trends for tuition assistance and student loan contribution policies.
Read More →
Best Practices
TuitionManager is an easy-to-use, flexible, web-based application that manages the tuition reimbursement & assistance processes. As each new customer implements our tool for their organization, we make note of several things...
Best Practices
Hiring and retaining top talent is as much about the applicant selling you on their abilities as it is about you selling your company to the applicant. While above-market salary is an easy differentiator, it is not always practical and does not guarantee that the applicant will accept your offer.
Best Practices
Attracting and retaining outstanding employees is a complicated process for management. Why complicate it further by turning a job benefit – tuition reimbursement – into something that is both time-consuming and confusing not only for HR managers but also for employees?
Best Practices
An important part of your tuition reimbursement program will be determining whether or not you will require repayment after voluntary termination, and the various parameters you set around that. But what are the pros and cons of requiring payment vs. not requiring payment -- and how do you know what's right for you?
Best Practices
According to Time.com, the current average student-loan debt for graduates from a four-year college or university is $29,000. This number only gets higher from here, depending on if students attended a private university - and higher yet for those who go on to get their masters or PhDs.
Best Practices
Has your tuition assistance program been successful in retaining employees? Are the costs of offering your program outweighing the benefits or are you coming out on top? If you don’t know the answers to these questions, then your program is missing something crucial: a way to calculate its return on investment.
Best Practices
Tired of tracking your organization's tuition reimbursement program using paper forms and Excel? There's a better, more efficient, and professional way to implement and manage your program - tuition reimbursement software.
Best Practices
As you've undoubtedly heard many times before, a company is only as good as its people. And if your company isn't attracting top talent regularly, everything suffers, including your chances for employees to make outstanding contributions that lead to more customers/clients, long-term success, and increased revenue.
Best Practices
Offering a tuition reimbursement program doesn't only affect participating employees, it can greatly affect your human resources team - and not necessarily in the same positive manner.
Best Practices
Tuition reimbursement programs shouldn't be relegated to traditional brick-and-mortar institutions. Online courses, certifications, and trainings should also be included for a variety of reasons.
Best Practices
Tuition reimbursement programs shouldn't be relegated to traditional brick-and-mortar institutions. Online courses, certifications, and trainings should also be included for a variety of reasons.
Best Practices
A tuition reimbursement policy that is both attractive to employees and manageable for benefit administrators to handle is possible. The complicated part of this benefit only begins when companies place so many restrictions on the policy itself (and an employee's eligibility) that it turns into an HR nightmare.
Best Practices
Train people well enough so they can leave, treat them well enough so they don't want to. This quote by businessman Richard Branson sums up why offering tuition reimbursement is a smart idea for companies.
Best Practices
According to Peter Cappelli in Why Do Employers Pay for College?, providing employees with tuition reimbursement enables you to hire better quality, more educated, and more productive employees. This extra productivity, Cappelli states, makes it economically feasible to pay a large portion of employees' tuition bills.
Best Practices
As employment packages become more and more competitive, keeping your company at the top of any new hire’s list will also grow more challenging. However, there is something your company can offer that has a proven track record of both, and that’s tuition assistance.
Best Practices
Employers are allowed to offer employees up to $5,250 in non-taxable tuition assistance benefits, per the IRS, each calendar year. But that doesn't necessarily mean you can't offer more. In fact, there are some incredibly valid arguments on why you should offer more than $5,250 - if your budget allows.
Best Practices
TuitionManager is an easy-to-use, flexible, web-based application that manages the tuition reimbursement & assistance processes. As each new customer implements our tool for their organization, we make note of several things...
