Overview Video

It pays to invest in employees.

Tuition-assistance programs are often considered an employee benefit expense, but research by global consulting firm Accenture shows investing in employee education delivers benefits to businesses and individuals. When employers invest in their workers, they help build skills, improve corporate bottom lines, and increase employees’ loyalty, all while helping them access educational and career advancement opportunities.

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What We Learned

Employers save money.

  • The companies Accenture studied saved millions through higher worker retention as a result of internal promotions and transfers.
  • Discover Financial Services saved $2.44 for each dollar invested in tuition reimbursement. Participating employees experienced wage gains 41–50% higher than their peers who did not use the benefit.
  • The health insurance giant Cigna saved $2.29 for each dollar invested—and participating employees saw wage gains from 43–57%.
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What We Learned

Employees feel better.

Besides earning credentials and job experience, employees also said their use of tuition assistance to advance their education increased:

  • Confidence
  • Motivation
  • Knowledge and skills
  • Recognition and support from managers and colleagues
  • Their sense of personal achievement