5 Reasons Why Employer Sponsored Higher Education is a Win-Win for Employers and Employees

Employer Sponsored Higher Education programs are gaining popularity among companies looking to support their employees' career development while achieving business objectives. These programs provide multiple benefits to both employers and employees, making them a win-win solution. Let's take a closer look at some statistics that demonstrate the advantages of Employer Sponsored Higher Education and their sources:

1. Improved Employee Retention: Employers who invest in their employees' development and education experience a lower turnover rate. In fact, employees who participate in an Employer Sponsored Higher Education program are 76% more likely to stay with their current employer. (Source: Gallup)

2. Increased Employee Engagement: Engaged employees are essential for a company's success. Research shows that employees who participate in an Employer Sponsored Higher Education program report higher job satisfaction and increased engagement, which can lead to a 34% increase in productivity. (Source: SHRM Foundation)

3. Upgraded Workforce Skills: An educated workforce can make a significant difference in a company's success. Employees who participate in an Employer Sponsored Higher Education program can acquire specialized skills and knowledge that can be applied to their current job roles. As a result, the company's workforce can become more skilled and better equipped to meet business goals and objectives. (Source: Forbes)

4. Enhanced Employer Branding: Offering an Employer Sponsored Higher Education program demonstrates that an employer is committed to their employees' growth and development. This can create a positive image of the company and increase its attractiveness to potential job candidates. In fact, a survey showed that 84% of job seekers consider employer-sponsored education important when considering a new job. (Source:HR Daily Advisor)

5. Boosted Business Performance: Companies that offer an Employer Sponsored Higher Education program can experience improved business performance. Employees who participate in the program can apply their newly acquired skills and knowledge to their job roles, resulting in better productivity and profitability for the company. (Source: Accenture)

Employer Sponsored Higher Education programs offer significant benefits to both employers and employees. From improved employee retention and engagement to upgraded workforce skills and enhanced employer branding, these programs can help companies achieve their business objectives while supporting their employees' career development. By investing in an Employer Sponsored Higher Education program, companies can attract and retain top talent while driving business success.