Imagine that you wrote the executive summary in Figure 9 about tuition assistance in PowerPoint. When you showed your draft to a couple of coworkers, they suggested that you rewrite it for a more conservative audience in Microsoft Word. After revising the text and design, compare your drafts in small groups. What changes did each of you make? Which work best and why?

Figure 9

Transcribed Image Text:

Proposal: Offer a tuition assistance program consisting of tuition reimbursement and tailored college programs. Creating positive employee sentiment and return on investment Because employees understand that companies invest in them, they reciprocate with increased satisfaction and loyalty. Employees participating in tuition assistance programs benefit from increased wage gains and knowledge and skills to better execute their jobs. Valex benefits from reduced turnover and increased employee retention, saving potential losses in labor value. Additionally, Valex may write off up to a $5,250 tax deduction per year per employee for tuition reimbursement. With minimal investment costs, Valex can decrease talent management costs and increase employee value. Examining programs and results from other companies Companies have seen a positive return on investment when offering these programs. They have seen higher rates of retention, promotion, and lateral transfers while avoiding talent management costs. Studies by the Lumina Foundation found return on investments of 129% and 144% for Cigna and Discover, respectively. Tuition assistance programs are already offered by most companies across the country, and even more offer professional development programs. Many of Valex's competitors, including AT&T, Apple, Comcast, and Disney, already offer tuition assistance and/or company-tailored college programs. Implementing a program with low cost will improve internal talent development and external competitiveness. Implementing a tuition reimbursement and college program plan With the many benefits of a tuition assistance program, Valex should offer a program consisting of tuition reimbursement and college partnerships. All employees will be offered up to $5,250 in tuition reimbursement. Valex will partner with four colleges (Santa Clara University, UCLA, NYU, and American University) to create specific, tailored programs built for our employees. Employees may earn bachelor's and master's degrees in business administration, computer science, digital media, and engineering, among others. Developing partnerships with reputable universities will entice employees looking to offset education costs while gaining fundamental knowledge to improve their work and their career prospects.