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Doing Their Homework

When employees hit their books, you'll see the impact on yours.
May 1, 2001
URL: http://www.entrepreneur.com/article/39748

Looking for an employee benefit that delivers a big bang for the buck? Consider tuition reimbursement.

"If you invest in your employees, it comes back," says Michelle Lemmons-Poscente, 39, president and CEO of International Speakers Bureau Inc. in Dallas. Lemmons-Poscente's 30-employee company pays 50 percent of the cost of any personal or business development course taken by employees who have been on board at least six months. "We only pay 50 percent because we want the employee to be 100 percent committed, and we believe that if they have skin in the game, they are much more so," she explains.

Tuition reimbursement works as a benefit employees appreciate while enhancing their value to the company as their knowledge and skills increase. Before setting up your own tuition-reimbursement program, consider the following points:

Though tuition reimbursement can be a significant investment, it shows your workers you're interested in their self-improvement-and that can pay off big in employee retention and enthusiasm.


Jacquelyn Lynn left the corporate world more than 14 years ago and has been writing about business and management from her home office in Winter Park, Florida, ever since.