ROI on Education
When corresponding with corporate partners, a surprising email received said, “All of our employees have the educational requirements they need.” What often gets misunderstood is continuing education is not simply necessary to earn a job but also the desire to grow as an individual and a way to improve a company as a whole. It’s time to rethink the outcomes of upskilling, training and promoting education.
Cigna studied the effects of continued education among its staff using an education reimbursement program. For every dollar spent on tuition reimbursement, Cigna earned that dollar back and saved another $1.29 in talent management costs, meaning a 129 percent return on investment in addition to a decrease in turnover. *
When considering an educational partnership, think more about the long-term results for the company rather than just the impact it can have on an individual employee. In encouraging continued education, your company maintains a competitive edge in any marketplace. Whether it’s through a tuition reimbursement program or a simple agreement between the company and a university, your company can save both time and money.
Mount Vernon Nazarene University wants to partner with your organization and offer specialized training programs as well as tuition discounts at no cost to you. If you are interested, contact Ryan Stagg, Director of Outreach and Strategic Partnerships, at firstname.lastname@example.org.
*“Talent Investments Pay Off - Cigna Realizes Return on Investment from Tuition Benefits.” Lumina Foundation, www.luminafoundation.org/files/resources/talent-investments-pay-off-cigna-full.pdf
MVNU Business Network
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