Education Benefits Everyone
According to a recent JobsInME.com survey, 48 percent of our users have a Bachelor's degree or higher and 21 percent plan to pursue some type of online educational activity in the next year. No doubt about it - education is a hot topic in this economy.
Whether your company is reimbursing tuition, paying for individually approved classes, or offering an in-house continuing education program - such as certificates in leadership, project management, or computer software - assisting employees with their education can improve your bottom line in many ways. Here are four benefits to consider:
1. A Well-trained Workforce Means More Productivity
Approving, paying for or offering education that positively impacts the team could help co-workers interact more efficiently, solve problems as a team, and improve the mood of your office. All of this will contribute positively to your company's productivity and profitability.
2. Growth and Advancement Fuel Your Staff
Unlike other cost-saving benefits, helping employees with their education not only improves their resume - it opens future career doors. Education can act as a step ladder for employees to advance within your company. A common barrier to furthering one's education is the cost; it's expensive. Providing this valuable gift is an investment in your employees and your future growth.
3. Recruit and Retain Employees
According to a recent study, employees who receive training/education from their employer are more likely to stay with that company. Investing in your employees - and thus helping their career - creates a sense of loyalty. It's also a benefit that you can tout to potential job candidates in all of your recruiting advertising and conversations.
4. Gain a Competitive Edge
Educated employees can identify fresh trends and stay ahead of the latest changes in technology - a tremendous asset to any company. Not only do they learn the best proven practices, but they are also exposed to new, up-to-date methods and resources, which allows them to perform their jobs even better.
Need additional funds for training? Learn more about government training grants.