If you’re considering implementing a continuing education program or incentive for your employees, you’ll be interested to know that the payoff can be huge.
The advantages of continuing education are numerous, of course, but the gains don’t begin and end with the employee. While staff deepening their knowledge bases and skill sets consistently reap the benefits in promotions and raises, their companies also profit in the deal, and not only when it comes to brain power or a better understanding of best practices.
Studies find that employer-sponsored continuing education programs result directly in increased productivity. Overwhelmingly so, in fact. A whopping 96 percent of employers reported a positive improvement in job performance. The research, conducted by Evolllution, also revealed that 49 percent of employers either reimburse for tuition or foot the bill in advance on their employees’ behalf. That fully half of companies offer continuing education benefits might be motivation enough to either instate or revamp a similar program.
In addition to a more efficient workforce, companies that provide and pay for continuing education for their teams also enjoy improved retention, potential tax deductions, and decreased hiring expenses, as they’re more likely to promote from within.
Published by Conselium Executive Search, the global leader in compliance search.
