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Use tuition benefits to build home-grown skills

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in Compensation and Benefits,Human Resources

by Adam Goldstein, Business Management Daily

Starbucks got a lot of attention this summer when it announced it would help its baristas—even part-timers—pay for online college classes offered by Arizona State University.

That’s news for three reasons. First, few retail employers offer tuition benefits. Second, organizations that do provide tuition assistance typically extend benefits only to full-time staff. Finally, some em­­ployers seem to be backing away from offering tuition assistance.

The Society for Human Resource Management (SHRM) 2014 em­­ployee benefits survey shows that 54% of organizations offer some sort of financial assistance to employees who take undergraduate-level college courses, down from 61% in 2010. Half now help employees pay for grad school; in 2010, 56% did.

At the same time, 55% of the HR pros in the SHRM survey say they ex­­pect the demand for college-educated employees will increase in the short te...(register to read more)

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