Education Assistance Policies

aingram

Does anyone have an education assistance policy at their company that they wouldn't mind sharing? We are running in to some problems with ours, so I need to do an overhaul.

The problem is, employees are leaving a few months after we have reimbursed them for tuition costs, without paying us back if they leave early. Any thoughts about what to include?

Amanda

SVHRAZ

Are you pre-paying your employees for the classes they are taking?

Our current policy is:

You enroll, bring your class schedule to HR and it will get approved/disaproved. Once you complete the course you submit for reimbursement on those classes that were approved. The reimbursement schedule is a follow:

A=reimbursement 100%
B=reimbursement 80%
C=reimbursement 70%
no reimbursement on grades below.

Also our reimbursement policy does not include books just tuition and registration.


On rare occassions because of financial circumstances we do allow managers/supervisor and long term employees to take a class in cost of the company with the agreement that if that employee terminates their employment in the next 6-12 months they will be responsible for paying the company full cost from their last check. This has worked well for us, it has been established for the past 6-7 years and we've had no problems.

Hope this helps!

aingram

Thank you! I've been looking around to see if anyone else pays out reimbursement in percentages, based on grades. This is very helpful.

Amanda

Margaret Morford

Amanda,

I have a policy I'll send you which includes a provision that if the employee leaves the company, the employee must reimburse the company for any tuition paid on his/her behalf in the last year. E-mail me if you want a copy.

Margaret Morford
theHRedge
615-371-8200
[email]mmorford@mleesmith.com[/email]
[url]http://www.thehredge.net[/url]