Source: PLANSPONSOR
20-Oct-2010
By Rebecca Moore
Eighty-five percent of employers in a recent survey report that their organization offers tuition assistance to their employees, compared with 52 percent that said so in late 2007.
However, according to the survey of tuition assistance plan practices by BLR, this increase in companies providing tuition was accompanied by a narrowing of the most common employer tuition reimbursement prerequisites.
According to a press release, virtually all (96 percent) organizations offering tuition assistance in the current survey require verification of the grade earned, compared with 50 percent having that requirement in 2007. More than three-fourths (76%) of companies require the course to be job related, as compared to 47% which had this requirement in late 2007.
The survey, which garnered nearly 1,100 responses, was conducted by BLR’s HR Daily Advisor in August-September, 2010.
