Educational Leave of Absence: Retaining High-Potential Employees Pursuing MBA Degrees

Other Titles
Abstract
[Excerpt] Surveys show that 78% of companies include tuition reimbursement as a part of their benefits offerings compared to 0% who offer to pay-off existing student loans. These statistics alone shed light on why a growing number of workers are deciding to pursue an educational leave of absence through their company when pursuing their education. Why would an employee leave their work if they know their future employer will not pay off their student loan debt, while at the same time their sponsoring company will cover some of the costs, have a position waiting for them, and continue to provide health coverage while they are in school full-time? Yet despite this continued relationship with their organization, employees often leave the organization upon receiving their MBA, resulting in losses of talent and money for the company. This practice is especially prevalent in employees who receive only partial tuition assistance from their employer while pursuing their MBA—meaning they still have substantial student loan debt to pay off following graduation.
Journal / Series
Volume & Issue
Description
Sponsorship
Date Issued
2012-06-27
Publisher
Keywords
HR Review; Human Resources; Human Capital; Benefits; Education; Turnover; Retention; Tuition Assistance; MBA
Location
Effective Date
Expiration Date
Sector
Employer
Union
Union Local
NAICS
Number of Workers
Committee Chair
Committee Co-Chair
Committee Member
Degree Discipline
Degree Name
Degree Level
Related Version
Related DOI
Related To
Related Part
Based on Related Item
Has Other Format(s)
Part of Related Item
Related To
Related Publication(s)
Link(s) to Related Publication(s)
References
Link(s) to Reference(s)
Previously Published As
Government Document
ISBN
ISMN
ISSN
Other Identifiers
Rights
Required Publisher Statement: © Cornell HR Review. This article is reproduced here by special permission from the publisher.
Rights URI
Types
article
Accessibility Feature
Accessibility Hazard
Accessibility Summary
Link(s) to Catalog Record