The workforce is undergoing inevitable transformations due to automation and technological advancements. In fact, 90% of workers believe that automation will have an impact on their industry in the coming years. With this change, employers need to offer benefits to ensure productivity, satisfaction and loyalty from their employees.
One benefit that could be offered is tuition reimbursement for expenses for courses in a related area of study. In fact, 84% of Working Learner Index respondents said that skills earned through this type of program allowed them to properly prepare for the future of work.
Additionally, up-skill training can help employees build onto their current set of skills and allow them to be more engaged with their work.
Student loan repayment through a flat amount or matching contribution based off an employees monthly payments is the perfect way to help employees to pay off their student debts faster. This allows employees to get a college education, finish a degree or take courses to help advance their current responsibilities.
