The typical tuition reimbursement plan includes college courses applied toward an associate, undergraduate, and graduate degree, as well as certificate programs. Other companies designate the policy by the grades earned. TAPs are established to attain an educated, and knowledgeable work force.
Tuition increases every year.
However, TAP programs may be an overlooked component to corporate growth and success. One of the main problems with TAP is that employers do not keep track of their programs successes or failures, such as the number of employees utilizing these benefits, how they are using it, and the amount that are actually obtaining degrees. Employers need to know how the dollars are being spent. The first step is to get a good feel for what employees are spending on tuition reimbursement each year. Create an internal Educational Planning program to help the student develop an educational plan to make sure every TAP dollar is being spent in the best interest of the employee and their unique learning needs, which should also be linked to corporate strategic plans.