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Benefits October 20, 2010
Survey Finds More Employers Offering Tuition Reimbursement
October 20, 2010 (PLANSPONSOR.com) - Eighty-five percent of employers in a recent survey report that their organization offers tuition assistance to their employees, compared to 52% that said so in late 2007.
Reported by Rebecca Moore
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 pre-requisites.
According to a press release, virtually all (96%) organizations offering tuition assistance in the current survey require verification of the grade earned, compared with 50% 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.