Developing the Employee, Developing the Company ¾

The world of business is changing every(prenominal)day. New trends, clean markets, and new ideas blossom out to a to a greater extent competitive business setting, requiring companies to keep themselves at equivalence with the others. One way for companies to do this is to support nonrecreational go on grooming for their employees.However, given hectic schedules, corporate deadlines, and the steep price tag machine-accessible to original continuing pedagogy, many employees think twice before pickings up professional coursesbut non when companies atomic number 18 willing to help. To compete, companies must(prenominal) open themselves to professional development strategies for their employees which stool be made practical through trainingal monetary keep and time management support.It is under plunk forable for round debaucheds to tipl uncomfortable about spending for their employees college tuition fees. For one, manpower plagiarization is a reality in business a nd when this happens to an employee whose education was funded by the participation, it is an automatic pistol loss for the firm.Also, employees may not be able to balance counterfeit and education at the same time and when the employee loses grip on any of the two it is the attach to who loses in the end. Still, strategic planning and compromise crumb help the companion help the employees with their desire to continue their education bit overcoming these fears and risks.In a survey done in Boston, more companies are once more willing to pay for their employees continuing college education after the trend declined historic period back. (DeMarco, 2005) This is not surprising. Now, more than ever, companies know that professional education gives a holistic effect to their companies.While uplifting the lives of employees through education, companies receive a lot of perks and privileges dear by sending their employees to direct again.Multiple BenefitsStrategic funding of pro fessional education among employees allows them to beat back a leak courses for free or at a discounted rate, making them feel obedient about solveing in their firms and attracting them to stay. They too receive new ideas, new experiences, and get to mingle with new people who elicit help them pass by in their fields.Education in any case protects them within the competitive employment world where younger, more skilled workers are entering everyday. But employees are not only the ones who benefit from these educational programs. Companies are likewise positively affected.DeMarco (2005) states that companies who offer professional development programs such(prenominal) as tuition fee reimbursement, tuition fee funding, or tuition fee discounting are more attractive to appli tail endts than those companies who do not have similar programs.In effect, employees are also more probably to stay in these companies and not think of jumping to another firm who does not offer professi onal development packages. Most importantly, companies improve their stand in the business world when they help their employees develop themselves.Theories change, practices change, and industries change. Employees who continue their education as professionals bring to the follow new ideas and skills that are useful for the company to move forward and face growing competition.The article Six ways to Encourage Employee Development (2007) agrees to this, saying that the best benefit that a company can get on funding their employees education is the expertise, which can be cost-effective for the company sooner or later.By helping employees attain professional courses, the company creates a pool of in-house knowledge that is easily accessible for the company at less cost because the company will no interminable need to subscribe to outsourcing services. In the end, the company benefits from the lead it can take in terms of market trends.ApprehensionsBut then again companies may not f ully subscribe to the idea of retention through continuing education. Anything can happen, so to speak. Employees can suddenly quit their jobs, switch employers, fail the course, or lose the balance amongst work and school. Again, strategic planning is the answer.Companies can offer educational funding while protecting their inte stay ons on the side. To put down with, firms should know exactly what type of courses should be funded and it follows that these should be courses that will be useful for the operation of the company.The company should also assess their ability to fund the program, and identify if full reimbursement, discounting, or upfront funding will be workable for both the employee and the employer. It is also important to set conditions such as a holding period for the employee after his education has been funded, or a grade requirement to determine the percentages of the funding that may be given.(Establishing a tuition reimbursement program, 2007) This can solve much of the dilemma that a company may have in supporting professional continuing education for their employees.Time ManagementWhen a company finally decides to offer funding for the professional continuing education of their employees, the responsibility does not stop in the finances. School can take considerable time and attempt from students, especially for adults who have work and familial responsibilities. All three roles can be physically and emotionally demanding, if not draining.On the other hand, it is understandable for companies to expect good results from these studying workers. Besides, they are hired to work for the company so they must perform impressively at work and they are assisted in their professional education so they should also bring in good grades. But companies should also understand the difficulty of maintaining an everyday balance between work and school life among other things.Thus, it is helpful for companies to offer these studying employees options i n handling work, school, and their personal lives. Flexible working hours, telecommuting options, and minor exceptions to work attending regulations when needed such as during examination periods can do so much for an employee to manage his time.In doing so, the employees are in top shape at work and school, and still have time for his personal responsibilities. It will also then be right for the company to demand good surgical procedure from the employee on both aspects. (Establishing a tuition reimbursement program, 2007)An InvestmentOffering tuition fee funding schemes and time leniency to employees can take a lot of effort from companies, and there are also a lot of risks. However, employers can rest assured that with a strategically planned education plan for their employees, every dollar is well spent.While it is not a requirement for companies to offer such privilege to employees, it helps them build a good reputation and allows them to invest in something that will never fail.Education is a good investment that benefits the employee-students and the company as well. While education can require a large quantity of money and patience in the part of employers especially when the studying employee is caught between a school and a work deadline, the company will for certain benefit. And as with good investments, the rewards are in the end.ReferencesDeMarco,P. 2005. Companies pick up college tab. Retrieved whitethorn 9, 2007, from http//www.boston.com/news/education/higher/articles/2005/09/25/companies_pick_up_college_tab/Establishing a tuition reimbursement program. 2007. Retrieved may 9, 2007, from http//www.allbusiness.com/human-resources/employee-development/1163-1.htmlSix ways to encourage employee development. 2007. Retrieved May 9, 2007, from http//www.allbusiness.com/human-resources/employee-development/1240-1.html