Mployee Bad News: No Go for Tuition Reimbursement
Employee Bad News: No Go for Tuition Reimbursement
Ashley Arnett, a hardworking bank teller, has sent a request askingthat the company create a program to imburse the tutiion and book expences for employees taking college courses. Although some companies have such a programe, First Fedral has not felt that it could indulge in such an expensive employee perk. Moreover, the CEO is not convinced that companies see any direct benefit from such programs. Employees improve their educational credentials and skills, but what is to keep them from moving that education and skill set to another employer? First Fedral has over 200 employee. If even a fraction of them started classes, the company could see a huge bill for the cost of tution and the books. Because the bank is facing stiff competition and its profits are sinking, the expense of such a program is out of the question . In addition, it would involve adminstration-application, monitoring, and record keeping. Its just too much of a hassel. When employees were hard to hire and retain, companies had to offer employment perks. But with a soft economy, such inducements are unnecessary.
YOUR TASK: As a director of Human Resources, send an individual response to Ashley Arnett. The answer is a definit no, but you want to soften the blow and retain the loyalty of this conscientious employee.