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Edcor Newsletter February 2022

EDCOR NEWSLETTER

Is Underutilization Sabotaging Your Upskilling Goals?

Statistics show that American employers spend around $180 B annually on upskilling programs, out of which a significant chunk is towards tuition reimbursement. Even though more than 75% of the American workforce is interested in upskilling programs, only 40% know about their employer’s tuition assistance programs, 25% of interested employees actually start their application, and a mere 2 – 4% of employees actually participate in these programs. Makes one cringe and delve into a root-cause analysis to fix the problem, doesn’t it? That’s exactly what we will be doing here!

Read Upskilling is Critical for Businesses and How education benefits integrate with your DEI strategy.  

We all know the paybacks of Upskilling, and how education benefits fit in the DEI strategy of organizations. To keep this discussion focused, let’s look at the top 5 reasons why education benefits programs are underutilized, and how to fix the core issues.

Click Here or on Learn More to read the complete article. 

Download the Whitepaper on Three-pronged Strategy to Resolve the Student Loan Crisis in America

CEO’S CORNER

Adrienne L. Way, Edcor Owner, President, and CEO

As a diverse organization, we honor Black History Month and would like to Celebrate 10 African-American medical pioneers.

This also reminds me of a famous Nelson Mandela quote “It always seems impossible until it’s done.”

The popular notion that learners can’t acquire quality education without student debt sounds ludicrous to me. At Edcor, debt-free degrees are offered by many of our esteemed school partners as well as available as a customizable solution from any school that the client chooses to upskill its workforce from. These are all regionally and nationally accredited higher education institutes that have high brand recognition in the industry, and track records of providing top-quality education. Moreover, our Advising services help the learners stretch the tuition assistance dollars to build 100% transferrable credits for degree completion. As a result, our client-employees are able to complete their degrees 30% faster than average – mostly with zero debt!

There are no institution restrictions, as the primary objective is to find an institution that best fits the employee’s personal and professional goals, prior learning and on-the-job experience, financial ability, and preferred mode of learning. By leveling the playing field for all employees, completion of their education becomes an attainable goal – no wonder our graduation rates are the highest in the industry.  

So, Let’s Future Together!

Adrienne L. Way, Edcor Owner, President, and CEO

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