Patricia K. Wallace
XCOM285
August 5, 2012
Jeff Tischauser
Implementation report on tuition reimbursement
There are some(prenominal) ways to expand employee benefits, beginning with health care and windup with schooling; however, companies question the benefits or education because of escalating cost associated with high learning and its value to the company versus the associated risks. However, if one and only(a) would take in the grapple carefully and research the statistics on continued education one would find education has had a positive influence on companies, organizations, and even countries by providing a greater range of opportunities for companies and individuals.
To aid the above statement one only needs to examine the return on investment associated with high education such(prenominal) as the worth of investing in it and the result. For example, the intermediate college grade earnings are higher than high school grade earnings. Specifically, a mortal with a college degree earns an average of everywhere $2 million during his or hers working lifetime, whereas an averages for a person with a diploma from high school earns earn an average of around $1 million during his or her working life (Porter, 2002).
The difference is almost two times greater in addition just now it in perspective the cost of education right away becomes a large benefit to an employees earnings thereafter. If foretell earning potential on the yearly basis, the average full-time employee with unmarried mans degree earned in 2003 $49,900, which is as much(prenominal) as 62% more than for the same time but without any college education- $30,800 (Baum & Payea, 2004). The Institute for Higher Education form _or_ system of government says college graduates not only earn more and account for bigger amounts of savings but also enjoy the benefits of higher education such as professional and personal mobility, leisure activities, and higher quality of life in addition to developing get around culture, rationale, consistence, and...If you want to get a full essay, order it on our website: Ordercustompaper.com
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