Paying tuition costs scores a return on investment

By Craig Swenson
|Canadian HR Reporter|Last Updated: 04/12/2001

If your company invests in employee-related education expenses, you have probably asked yourself about the return on investment (ROI) you are achieving.

Most companies in North America — about 90 per cent — offer some type of educational perk such as payment for training or reimbursement for tuition costs of degree courses, according to the Society for Human Resource Management’s 1999 Benefits Survey.

What criteria should you use to assess the value of educational investments in your staff? The following are some points to consider.