In the spirit of back to school and following up on some previous posts, read about a study done by Jay Jamrog, Senior VP of Research and his team at i4cp.com up on the Learning Circuits site which cites that only 5% of all corporations actually track ROI for tuition reimbursement programs.
Excerpt from the post, Study Finds Most Firms Provide Tuition Assistance But Don't Track the ROI:
"When it comes to tuition reimbursement, it seems that an out-of-sight, out-of-mind approach is the norm. Just 26 percent of companies track retention rates as part of their assistance programs, followed by graduation rates (23 percent) and professional advancement (15 percent). While a mere 5 percent measure return-on-investment (ROI) as part of their tuition assistance programs, of those companies that do measure their programs, the majority (63 percent) do so in very rudimentary ways, such as through Excel spreadsheets."
Here are some previous posts on the subject.......More Evidence That Employees Who Receive Training Stay At Their Jobs Longer Than Those Who Do Not
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