With Degree Programs One Size Fits All – Until It Doesn’t
It’s true that these tuition assistance programs provide efficient, streamlined access to a degree program which fits the distribution model that large corporations are used to: push large numbers of similar products (students) into an efficient, specific and controlled space (a handful of schools and specific programs).
However, what if only 1% of the employees at Disney, Lyft, Walmart want an education experience that’s not one-size-fits-all but instead is based on their specific needs, capabilities or interests? That would mean over 20,000 employees having to choose between the cheap and easy educational experience vs. the better fitting educational experience. Imagine having a relocation assistance program that required every participating employee to live in the same type of neighborhood? The lesson here is that many employees want to evaluate their options and choose for themselves.
There are many situations where a company would rather spend a little more so that they can ensure their employee finishes the degree, gets an optimized outcome that benefits the company and the employee and ensures retention. By exposing employees to the other 3000+ plus schools and 27,000+ additional programs, ensuring that your tuition assistance program provides real options could have an even greater ROI for all involved.
Many of our clients came to us because they wanted a guidance program that was focused on employees, not schools. Learn how we create a custom experience for your team at ClearDegree for Employers.