Why Your Company Should Offer Education Benefits

Over the past few years, employers have become more receptive to rewarding employees for their own education. The idea of being compensated for learning new skills, gaining certifications and obtaining higher-level education has become more popular in today's age.

This concept is known as "education as a benefit," or EBA.

Employers are increasingly aware of the fact that well-educated employees are more likely to be satisfied with their job and less likely to leave. The benefit of EBA is twofold: not only do you get an employee who's more productive, but they'll also help attract other highly skilled workers who may want similar benefits in their next job. Companies that offer EBA programs can benefit from increased employee retention, as well as higher levels of job satisfaction. This allows employees to focus on their own personal growth while also contributing to the company's goals.

In addition to the benefits above, EBA is an effective way for companies to attract and retain high-calibre employees.

In today's competitive job market, it can be difficult for small businesses and startups to compete with larger corporations with deep pockets. But by offering EBA programs, they're able to level the playing field by offering something that larger firms cannot.

In a study conducted by the Society for Human Resource Management, 58% of employers said they offer EBA programs because they want to attract and retain top talent. The survey also found that 81% of respondents believe their companies benefit from offering these programs.

Offering educational benefits encourages career advancement and keeps employees highly skilled and invested in advancement.

To conclude, EBA programs are effective ways to attract and retain quality employees. They also help companies further their goals and support the communities in which they operate. EBA programs can be an effective way to attract and retain high-calibre employees. And if you're a small business or startup, offering this benefit can give you the edge over larger corporations with deep pockets.