7. Conditions to Consider For A Tuition Reimbursement Policy
When it comes to companies’ tuition reimbursement plans, businesses will have specific requirements the employee will need to meet in order to receive funding. Since education reimbursement is a type of investment on the employers part, they can stipulate goals that must be reached for the employees who apply.
A tuition reimbursement policy will state the minimum grade or GPA the employee must obtain in order to have their fees covered by the employer. The policy can also set a specific length of time for the employee to stay at the company while the education is ongoing and after completion.
Therefore, if your business is considering investing in staff through tuition reimbursement programs, it is best to have a policy in place to govern the reimbursement limit, the length of necessary employment, and the employee’s minimum grade average.