Record high college tuition and a tight labor market are prompting many employers to revisit their education benefits, according to a survey by the International Foundation of Employee Benefit Plans. Ninety-two percent offer some type of education benefit.
The most common is tuition assistance/reimbursement, offered by 63% of employers, followed by in-house training seminars (61%), attendance at educational conferences (51%), continuing education classes (50%), coverage for licensing and exams (44%), personal development courses (35%) and 529 college savings plans (10%).
Fifty-seven percent of employers have had tuition reimbursement programs in place between six and 20 years, and 27% have had them for 21 years or more.
Eighty-seven percent reimburse employees after the end of their studies if they meet certain requirements. The most common amount paid to employees