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How Organizations Can Leverage Employee Education Benefits to Attract and Retain Top Talent

Instructor: Lahari Subraveti
Are you interested in attracting and retaining top talent to continue smooth growth of your business? Is your employee turnover rate high? Offering education benefits may be your answer.

Turnover Rate

Throughout all industries there is an average of 15.1% employee turnover. Some industries like the fast-food industry, report a turnover-rate well over 100% . With high turnover comes higher costs associated with replacing and training new employees. According to the Center for American Progress, this can range from 16% to over 231% of an employee's salary. With turnover rates and the cost associated so high, the big question is: how can an organization attract and retain top talent? Education benefits!

Education Benefits

Education benefits can be used to attract talent by offering tuition reimbursements to employees who wish to pursue courses outside of the workplace. While attending a traditional on-site college or university may be difficult for full-time and part-time workers, organizations can offer tuition reimbursements for online courses as well. Additionally an online learning format allows workers to make their own schedule when it comes to studying.

Alternative Education Provider: Study.com

Websites like Study.com can help employees pursue GEDs, earn credit or even fulfill general education requirements for many degree programs. Study.com credit can be transferred to over 2,000 colleges. Study.com also has many articulation agreements and transfer guides to make the credit transfer process simple and seamless for all students. In addition, Study.com has success coaches dedicated to helping every student discover and pursue continuing education in any field of their choice.

As an alternative education provider, Study.com is the simplest, most efficient, lowest cost way to earn college credit benefiting both the employee and an organization.

Summary

Offering educational benefits through Study.com not only attracts employees but keeps them motivated. Motivated employees are more likely to stay at an organization leading to a lower turnover rate and lower cost for an organization to search for and replace employees on a regular basis.

Earning College Credit

Did you know… We have over 95 college courses that prepare you to earn credit by exam that is accepted by over 2,000 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

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