A tuition reimbursement program can be a very attractive employee recruitment and retention tool, while simultaneously providing employers with the benefit of a more educated workforce. Launching a tuition reimbursement program sends employees the message that you value them and their growth enough to invest in their futures.
Such programs can be tax-favored as well. If you design your program to meet the Internal Revenue Service’s requirements for an “educational assistance program,” the first $5,250 of tuition assistance is excluded from wages for federal tax purposes. Continue Reading Back to School for Employees – How to Design a Successful Tuition Reimbursement Program