ComPsych Corporation is the world's largest provider of employee assistance programs (EAP) and is the pioneer and worldwide leader of fully integrated EAP, behavioral health, wellness, work-life, HR, FMLA, and absence management services under its ComPsych GuidanceResources brand.
Tuition reimbursement is an employee benefit. Companies that offer tuition reimbursement typically agree to pay a set amount or percentage of your tuition and other education expenses for a degree or study program.
For example, some companies will only reimburse you for courses or degree programs if they are relevant to your line of work. Why Because it creates a win-win situation for both you and the company. You get to gain new skills and the company gains a more knowledgeable employee.
For both full-time and part-time employees, Blue Shield of California tuition assistance program offers tuition reimbursement for eligible tuition expenses. Per year, full-time employees can get up to $5,250 reimbursed, while part-time employees can get up to $2,625.
For employees who work at least 20 hours a week, Kaiser Permanente offers tuition reimbursement of up to $3,000 a year for continuing education courses, certificate programs, or degree programs.
Best Buy, which offers backup child care to its employees through Care.com, began to provide $100 monthly reimbursements for tutors for children between the ages of 5 and 18 and the retailer expanded its paid leave program, giving workers up to six weeks of paid leave. And Best Buy became more flexible in offering employees the option to reduce their hours or share a full-time position with another employee.
As part of their social well-being pillar, Best Buy has implemented workplace wellness benefits that offer employees support and flexibility to focus on the things and people that matter most. This includes offering paid leaves of absence for family care, personalized caregiver support services, caregiver pay for child bonding or family care, adoption and surrogacy assistance, and Backup Care through Care for Business.
Best Buy launched their Backup Care program with Care for Business in 2018, giving employees access to in-home and in-center child care for those times when their regular, ongoing care is unavailable. Providing access to Backup Care means fewer missed work days, increased employee productivity, and happier customers.
Employee Assistance Programs (EAPs) are component-specific programs that provide a variety of useful resources to DHS employees and their families, including dependent care resources, financial consultation, legal aid, counseling services, and referrals to a variety of other service providers.
Employee Assistance Programs are always voluntary. Sometimes employees with serious performance issues are referred to their component's EAP by management. Employees in drug-testing positions who test positive are also referred to their EAP. It's still your choice whether or not to visit your EAP; you can use counselors in your community, or you can choose to refuse all assistance. If you choose not to seek help, however, and you are not addressing the issue that led to the referral in the first place, that will have implications for your job.
Lyra Health's EAP provides employees with mental healthcare services such as behavioral coaching, therapy sessions, medicine management, self-help resources, financial assistance, legal consultations, critical incident support, ID theft services, and child, elder, and pet care.
After the EAP policy is completed, both the launch of its program and its policy should be publicized within the organization, via internal newsletters, websites, and social networks. These communications should list any and all services available through the program, and stress that confidentiality is assured. In addition, human resources departments should set aside office hours for employees to come in and speak with the HR team about any questions they might have.
The workplace has changed dramatically in recent years, and even more so with the advent of the covid pandemic. But at the end of the day, your people remain the most essential ingredient for continued success as a company. Prioritizing employee health in times of crisis, beyond the umbrella of general health plans or wellness programs, has been proven to foster employee loyalty and boost job performance.
As the cost of attendance at U.S. colleges and universities continues to rise, there's never been a better time to consider alternative methods of paying for your education. Though scholarships, grants, and work study programs are all great options, one of the best ways to get your education paid for is through tuition assistance and reimbursement programs from employers.
An increasing number of employers over the last year have launched new and upgraded tuition assistance programs. Some of these employers hope to help their workforce get back to school after many students were forced to pause their education amid the COVID-19 pandemic.
But that's not the only incentive for these employers to offer tuition reimbursement benefits. Companies will often offer tuition assistance to attract and retain employees or to develop the skill set of their current workforce. Additionally, tuition reimbursement of up to $5,250 per employee is tax deductible for employers.
Many employers partner with organizations like Guild Education and Bright Horizons EdAssist Solutions to bring their tuition reimbursement programs to life. These organizations act as a broker between employers and institutions, creating partnerships that allow employees to work and get educated at a discount or without incurring any debt along the way.
Amazon recently announced it would cover its hourly workers' full college tuition including the cost of classes, books, and other school fees. Fees are paid upfront with no requirement for reimbursement. Previously, the company covered up to 95% of its workers' college tuition through its career choice program for employees seeking certificates or associate degrees in high-demand occupations.
Through its tuition assistance and academic support program, Bank of America offers employees up to $7,500 annually in upfront tuition assistance or reimbursements for job-related programs including MBAs.
In partnership with Guild Education, Chipotle employees have access to up to $5,250 of tuition reimbursement annually which can be used for both undergraduate and graduate programs. Some select programs may qualify for 100% tuition reimbursement. Qualified applicants in undergraduate programs also have access to an additional $5,815 in federal grants.
Through its College Commitment program in partnership with Guild Education, Discover offers all its U.S.-based employees 100% free tuition, fees, books, and other supplies needed to earn select bachelor's degrees. Employees can also receive up to $5,250 annually in tuition for a wider selection of bachelor's degree programs at in-network schools or up to $10,000 in tuition for graduate degree programs. The program is available to employees from their first day of employment.
As of October 2022, Fidelity offers its entry-level employees a fully-funded, debt-free education. Under the new program, entry-level customer service phone representatives across the U.S. can have their full tuition, books, fees, and taxes paid for by the company at select four-year and two-year institutions. Fidelity's previous tuition reimbursement program offered coverage of up to 90% of education costs to eligible employees up to $10,000 a year.
Through its Education Tuition Assistance Plan, Ford offers employees up to $6,000 a year in fees for eligible GED, associate, bachelor's, master's, and doctoral programs related to the employee's job at Ford.
Under an initiative called GROW U, about 11,000 employees across Herschend Enterprises' 25 U.S. attractions (including Dolly Parton's theme park and resort, Dollywood) are eligible to receive 100% free tuition, fees, and books as of February 2022. Tuition assistance is available to all seasonal, part-time, and full-time employees.
Through its Dough and Degrees initiative, Papa John's offers its employees 100% free tuition for undergraduate and graduate online degree programs. Eligible corporate team members can enroll in any of Purdue Global's online degrees. Franchise employees can also receive tuition assistance/reductions through the program.
As of March 2022, PepsiCo offers its US-based employees 100% free tuition through its partnership with Guild Education. The debt-free education initiative known as myeducation allows more than 100,000 of the company's associates to receive assistance to cover tuition, books, and other fees for an array of degrees and certifications. Employees who've been with the company for at least six months and are pursuing a graduate degree can receive up to $8,000 annually.
Publix employees who have worked for the company for six months and work an average of 10 hours a week or more are eligible for tuition reimbursement for individual courses and technical programs related to the job. Publix will also reimburse costs for select undergraduate programs.
In August, Target launched its debt-free education assistance program, offered to all full-time and part-time employees. Target team members can pursue undergraduate degrees and professional certifications with no out-of-pocket costs from their first day of work at the company.
Ticketmaster employees can reportedly receive up to $3,000 in tuition reimbursement for undergraduate programs, up to $5,000 for graduate programs, and up to $500 in reimbursement for non-accredited business-related courses. Ticketmaster additionally offers its employees student loan repayment assistance.
Through the company's Earn & Learn program, UPS employees can receive up to $5,250 annually in tuition assistance for a lifetime maximum of $25,000. Employees are eligible