From the company’s point of view, what is the total real cost of a day’s worth of employee training? What is the money value of one day of study for a full-time college student? Can you explain why firms are willing to pay higher starting salaries for employees with higher levels of education?

Although you may believe that your formal learning will end when you graduate and enter the working world, it won’t.
Companies both large and small spend billions of dollars annually in training employees and updating their knowledge and skills. Besides supporting employees who attend accredited continuing-education programs, companies also may provide more specialized in-house course work on new technologies, products, and markets for strategic planning.