It is no secret that I am a firm believer in educating your employees, but as times change companies are rethinking how to handle that. A recent article in the Puget Sound Business Journal focused in on a change that Boeing has made in regards to their tuition reimbursement program.
Boeing is now setting a limit to the amount that they will reimburse and union members are responding negatively. While I understand their concern, I agree with Boeing. People are choosing to work at Boeing only for the education assistance. Which means Boeing is paying to educate people who have no genuine interest in the company, the products, or the brand and Boeing is paying to increase their employee turnover rate. Does Boeing really want those employees? Would you? Yes this is a great perk for employees, but if not handled properly, it can be a huge risk for Boeing.
For the first time, Boeing is placing restrictions on what and how much they will cover. Will this lead to retaining better, stronger and smarter employees? Let’s hope so—Good Luck Boeing.