Communications Technology Company Realizes Increased Employee Engagement and Bottom Line Returns for Investments in Tuition Assistance
From 2012 to 2014, a large communications technology company (masked as “Large CommTech”) provided employees $138M in tuition assistance through its Tuition Assistance Program (TAP). That program resulted in 39.2% ROI ($54.2M net savings), as a result of avoided talent management costs.
Both the business and employees benefited as a result of TAP investments. Employees had positive views of TAP and believed it would help them improve their career opportunities, which was validated by increased rates of promotion, lateral transfers, and retention.