Tuition reimbursed but ROI not tallied

Survey shows most companies not sure investment worthwhile
By Sarah Dobson
||Last Updated: 12/18/2008

Despite the large sums spent by corporations in the United States to fund tuition reimbursement, the majority have no idea if it’s worth it.

According to a recent study by the Seattle-based Institute for Corporate Productivity (i4cp), 81 per cent of organizations provide tuition assistance programs for employees. However, only five per cent of organizations actually track program effectiveness. And most (79 per cent) have no plans to change the programs in the near term.

“A lot of companies seem to feel tuition-assistance programs are a staple of employee benefits, one that is likely to influence future productivity, engagement and retention,” says Jay Jamrog, senior vice-president of research at i4cp.