Forums: Discussions for entrepreneurs and small business.

As a benefit to our employees, I`d like to pay their college or other types of additional education. How to go about that is the question.

My thoughts are that we would do something like:

Up to $1200 per semester
100% for 3.8 or better
75% for 3.5 or better
50% for 3.0 or better
25% for 2.5 or better
Paid as a reimbursement at the end of each semester

What works for you? What are your thoughts on this? Do employees appreciate this? Good or bad side-effects?

We only have two employees and both are in college. We will potentially hire a third (working on his Masters). So this could affect three employees total within the next few weeks. 

This is very unusal for any small business based on my experiences. I commend you for offering this incentive. I think your $1200 per semester is a nice sum. I know some larger companies that pay more, but for a small business, this is excellent. And I imagine you picked the $1200 figured based on what you can afford at this time.

The one thing I would suggest is to eliminate the 2.5 grade incentive level. Personally, if they can`t reach a 3.0, no reimbursement. If you set a low mark to hit, someone will hit it. Set the benchmark high - it is a reflection on you and your company and the employees will know you expect the best out of them and will want to continue working with you and other quality employees.

R@

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Richard Arnold · Key Concept Writers · Business Communication: The "Key" To Success· Law of Attraction Blog · Life Ain`t Brain Surgery Blog