It’s becoming clear that employee engagement is the key to creating better company leaders and more productive workers. Many companies offer enticing benefits to keep employees engaged, show appreciation for their teams’ hard work, and mold employees into the strong leaders that will define the company’s future. By offering incentives for your workforce to return to school, employees and employers benefit from the results almost immediately—and especially in the years to follow.
Increase Employee Morale
The first and most important benefit of implementing a work-sponsored scholarship program within your company is boosting employee morale. You will start to notice this benefit right away. By knowing this option is available, your workforce will feel more appreciated. By funding the higher education of your staff, you show them that you care about their personal enrichment and advancement.
Competitive salaries and impressive 401(k) plans are excellent ways to entice employees to work for your company. But how do you convince them to stay? While some companies focus on perks like breakrooms full of snacks or trendy decor, providing a scholarship incentive goes above and beyond. It shows that your company not only wants your workers to work for you now but that you also want them to gain the skills they will need to grow within your company and stay for the long term.
Support Nontraditional Students
Employee scholarship programs are becoming increasingly important due to the rise in nontraditional students enrolling in college programs. The number of nontraditional students rises each year as more people already working full-time seek to go to school part-time to obtain either their first degree or an advanced degree. By offering scholarships to your employees, you help individuals attain an education that they may not otherwise be able to receive.
Improve Your Workforce
Ambitious people who want to broaden their horizons with a college degree are the types of motivated, dedicated employees you want on your team. Tuition assistance is a great way of improving the skill set of your workforce, which you can then use to improve and grow the operation of your business. You’re also ensuring you’ve got employees with the latest skills and sharpest minds.
The lines between college students and the professional workforce are becoming increasingly blurred, making it almost essential to support further educational development. Creating a scholarship program is one of the easiest ways to accomplish this.