In A Changing Economy, You Win When Your Employees Do [Video]

and is currently the lowest it’s been in nearly 50 years. On the other hand, AI, computing and robotics have begun disrupting current work environments, foreshadowing the elimination of frontline jobs while creating a skills gap for companies. Employers are fighting for talent and new skills for their businesses and employees are fighting new technologies for their jobs.

Facing these challenges, employers have little choice but to transform their current workforce to meet the jobs of the future. To do so, America’s most forward-thinking companies are making an investment that allows everyone to win: education as a benefit. Employees get a chance at a better future and companies build the skills they need, even improving their brand in the process. In today’s world, education is now a corporate strategy.

While education benefit programs have a higher upfront cost than traditional tuition reimbursement, the impact on the business makes them more than worth the investment. In addition, 97 per cent of prospective students say education benefits are an important part of an overall employer benefits package.who participated in the tuition assistance program

received wage increases that averaged 40 per cent higher than those of non-participating employees, while participating employees were also 21 per cent more likely to be promoted. At Chipotle, an early adopter of tuition assistance, not only has education made a significant impact on retention but it has also helped Chipotle reach an Offering degree programs in areas of need benefits everyone.

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