Sandy Womack, Ed.D., is a woman on a mission.
To help organizations tackle the last bastion of unmeasured spending - the tuition assistance program.
Organizations spend twenty billion dollars annually on employee education but most haven't changed their approach to learning in the last decade, laments Dr. Womack
The recession, she
adds, has made CEOs and CFOs step back and take a hard look at their tuition assistance programs.
Such introspection is important.
After all, done right, says Dr. Womack
, tuition assistance benefits both employer and employee.
A veteran of higher education, she's
spent more than two decades helping adult professionals select college programs, and knows well the challenges of such undertakings.
Today, she is Director of Adult Education Counseling for EdAssist™, a Bright Horizons® solution at work, which offers a comprehensive managed education program that enables organizations to take a more strategic approach to tuition management.
Six out of ten companies already have a learning program in place, says Dr. Womack
, but many operate inefficiently.
The job of EdAssist
adds, is to look at such tuition assistance as a strategic investment rather than simply a benefit - or worse yet, a cost.
"By maximizing your tuition investment," she
says, "an effective tuition-management program like EdAssist
will not only save you money, it will actually pay for itself."
advises organizations to measure and track how educational assistance impacts graduation rates, career progression, retention, and recruitment.
Organizations that have adapted have seen the payoffs firsthand.
believes that HR professionals need to move tuition assistance to the top of their agenda.
In today's economy, she
says, companies are challenged to do more with less.
A well-managed tuition assistance program can become a key component of an organization's employee development strategy bringing maximum impact to the organization and its employees.
"A few strategic adjustments" she
says, "can elevate the entire value of the program."