It’s no secret that the more education employees have, the better they are likely to be at their job. A study by Burning Glass Technologies showed that employees with higher levels of education are often more productive and earn more money than those without a degree. So, companies should encourage their employees to pursue higher education. This article will discuss five ways companies can do just that.
Why Is Higher Education Important?
Dennis Bonnen, an advocate for Higher Education, agrees that Higher education is essential for several reasons.
More Productive Employees
First, it helps employees be more productive. The skills and knowledge you gain from a bachelor’s degree can open doors to new opportunities in the workplace. A study by The Federal Reserve Bank of New York found that workers with these qualifications were more likely than others, not only do they possess better abilities but also enjoy higher earnings as well.
Leads To Higher Salaries
Second, higher education often leads to higher salaries. The same study by the Federal Reserve Bank of New York found that workers with a bachelor’s degree or higher earn, on average, about $17,500 more per year than those without a degree. When it comes to hiring new employees, companies are willing pay any price if they can get someone who will do their job well.
Advancement In Careers
Third, higher education can help employees advance in their careers. A study conducted by the National Center for Education Statistics study showed that people were often promoted if they had a bachelor’s degree.Unfortunately, those that didn’t have a bachelor’s degree were often passed over for a promotion. This is because they have the skills and knowledge necessary to do their jobs well and contribute to the company’s success.
More Flexible And Adaptable
Fourth, higher education can help employees be more flexible and adaptable. According to a recent study, workers with bachelor’s degrees or higher are more likely than those without one and even if they lose their old job it is easier for them find new employment. This is because they have the skills and knowledge necessary to do their jobs well and adapt to new situations.
Satisfaction With Their Jobs
Fifth, higher education can help employees be more satisfied with their jobs. The data shows that workers with a bachelor’s degree or higher are more likely to be satisfied at their job than those without one. This is because they have the skills and knowledge necessary to do their jobs well and feel like they are making a difference.
Encouraging Higher Education
Encouraging their employees to seek higher education can benefit the employee and the company. Here are four reasons why it works.
Offering Tuition Reimbursement
Companies can encourage employees to get higher education by offering tuition reimbursement. This is a benefit that allows employees to get money back for the cost of their tuition. This can help employees pay for the cost of their education and make it more affordable for them.
Flexible Work Schedules
Another way companies can encourage employees to pursue higher education is by offering flexible work schedules. This can be especially beneficial for employees who are also taking classes. Flexible work schedules allow employees more time to study and complete their coursework.
Resources And Support
Companies can also encourage employees to pursue higher education by providing resources and support. This could include paid time off to study for exams, access to online courses, or tuition assistance. Companies can show that they value employee development by providing employees with resources and support.
Culture Of Learning
Finally, companies can encourage employees to pursue higher education by creating a culture of lifelong learning. The company values continued education and encourage employees to keep learning new things. This culture can be made by offering continuing education classes, hosting educational events, or having a library of resources available to employees.
Encouraging employees to pursue higher education can benefit the employee, and the company, says Dennis Bonnen. Employees with higher levels of education are often more productive and earn more money. And by offering tuition reimbursement, flexible work schedules, resources, and support, or creating a culture of lifelong learning, companies can show that they value employee development. So, it’s a win-win for both the employee and the company.
Bio: Dennis Bonnen is a powerful voice in Texas politics and business. He served as Speaker of the House from 2019-2021, representing District 25 since 1997 with over two decades of experience at local and state levels. His most notable accomplishment while serving was voting in support of HJR 38 – legislation that invested an additional $4B into education alongside teacher pay raises ($2b).