News Article: Businesses paying for college education
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  1. #1
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    Businesses paying for college education

    Not a bad idea - after all, who benefits the most from this?


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  2. #2
    BamaNation Hall of Fame AlexanderFan's Avatar
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    Re: Businesses paying for college education

    Norfolk Southern has for a while, although you're an indentured servant for a bit. You also have to pick something applicable in the industry.


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    BamaNation All-American sabanball's Avatar
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    Re: Businesses paying for college education

    Quote Originally Posted by AlexanderFan View Post
    Norfolk Southern has for a while, although you're an indentured servant for a bit. You also have to pick something applicable in the industry.
    Pretty standard practice across various businesses that do this, from trucking companies to tech companies.

  4. #4
    BamaNation Hall of Fame AlexanderFan's Avatar
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    Re: Businesses paying for college education

    Quote Originally Posted by sabanball View Post
    Pretty standard practice across various businesses that do this, from trucking companies to tech companies.
    I figured as much. It's been going on for at least 15 years here.


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    BamaNation First Team Its On A Slab's Avatar
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    Re: Businesses paying for college education

    Quote Originally Posted by twofbyc View Post
    Not a bad idea - after all, who benefits the most from this?


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    Most places I have worked (in I.T. industry) have provided employee-assistance for education. But like someone else posted, it had to be specific to the industry. I.e., I couldn't go to law school on the company dime, etc.

    That being said, I avoided more education like the plague - since maybe an MBA would have been the only graduate program they would accept. Then again, I never had any desire to be in management....so I saved many hours of useless study.

    Where companies fail is in training in specific courses that would make you more marketable. Especially in I.T., where they will hire from the outside for specific skills, rather than train their existing employees in the same skills. I guess the company's logic is that you will leave for a better job if you get trained in those skills. But it's a 2-way street: I have no loyalty to a company that isn't interested in investing in my future with them(and don't get me started on companies that expect you to go over and beyond, work more than 40 hours a week, but don't provide better compensation, profit-sharing, bonuses to reward that effort).
    Last edited by Its On A Slab; January 3rd, 2019 at 09:53 AM.

  6. #6
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    Re: Businesses paying for college education

    Quote Originally Posted by Its On A Slab View Post
    Most places I have worked (in I.T. industry) have provided employee-assistance for education. But like someone else posted, it had to be specific to the industry. I.e., I couldn't go to law school on the company dime, etc.

    That being said, I avoided more education like the plague - since maybe an MBA would have been the only graduate program they would accept. Then again, I never had any desire to be in management....so I saved many hours of useless study.

    Where companies fail is in training in specific courses that would make you more marketable. Especially in I.T., where they will hire from the outside for specific skills, rather than train their existing employees in the same skills. I guess the company's logic is that you will leave for a better job if you get trained in those skills. But it's a 2-way street: I have no loyalty to a company that isn't interested in investing in my future with them.
    IT company I worked for provided ďassistance ď, but it was minimal and with strings; donít mind the strings, just pay for it all.
    I see no problem with a company offering a HS grad a full ride for x years of employment (3-5 sounds reasonable, depending on the industry) with a reasonable salary. If itís a good company and grad is happy after contract ends, proper incentives will keep him/her. People usually leave for better jobs - either compensation or working conditions. Make those non starters for an employee with 5 years experience and they probably wonít leave.


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  7. #7
    BamaNation First Team Its On A Slab's Avatar
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    Re: Businesses paying for college education

    Quote Originally Posted by twofbyc View Post
    IT company I worked for provided “assistance “, but it was minimal and with strings; don’t mind the strings, just pay for it all.
    I see no problem with a company offering a HS grad a full ride for x years of employment (3-5 sounds reasonable, depending on the industry) with a reasonable salary. If it’s a good company and grad is happy after contract ends, proper incentives will keep him/her. People usually leave for better jobs - either compensation or working conditions. Make those non starters for an employee with 5 years experience and they probably won’t leave.


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    Yep. I was at Merck for over 11 years, and would probably still be there had Merck not gone hogwild on downsizing/outsourcing their I.T. staff globally. I had survived numerous waves, but finally got caught in the numbers game. But not before taking a good pension with me, and 8 mos severance with full med/dental. They had Cadillac perks: good bonuses, plentiful PTOs, excellent medical and dental. And hardly any turnover. Go figure!

    Companies that treat their employees well have excellent retention. My current company pays its CEO 10 mil a year, 2 mil of which is in bonuses. The regular employees get zilch save for their regular salary. Consequently, we have a lot of turnover. The only reason I stay is that I'm close to retirement, and they have good work-from-home options.
    Last edited by Its On A Slab; January 3rd, 2019 at 10:44 AM.

  8. #8
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    Re: Businesses paying for college education

    Quote Originally Posted by AlexanderFan View Post
    Norfolk Southern has for a while, although you're an indentured servant for a bit. You also have to pick something applicable in the industry.


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    Shell was the same way. They paid for my accounting degree.

  9. #9
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    Re: Businesses paying for college education

    Quote Originally Posted by Its On A Slab View Post
    Yep. I was at Merck for over 11 years, and would probably still be there had Merck not gone hogwild on downsizing/outsourcing their I.T. staff globally. I had survived numerous waves, but finally got caught in the numbers game. But not before taking a good pension with me, and 8 mos severance with full med/dental. They had Cadillac perks: good bonuses, plentiful PTOs, excellent medical and dental. And hardly any turnover. Go figure!
    Shell was the same way. They started offshoring IT & Accounting jobs to service centers in Malaysia, India & the Philippines. Mine eventually went to India in 2008.

  10. #10
    BamaNation First Team Its On A Slab's Avatar
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    Re: Businesses paying for college education

    Quote Originally Posted by Displaced Bama Fan View Post
    Shell was the same way. They started offshoring IT & Accounting jobs to service centers in Malaysia, India & the Philippines. Mine eventually went to India in 2008.
    My job was consolidated with another position across town. The other guy was laid off and rehired as a contractor. He lost all his PTOs, and took a 25% pay cut.

    My current job is a lot harder to off-shore in that I need to be in close contact with the business. I have found that our Asian off-shore analysts just don't have enough business sense. They don't really understand how our businesses work.

    They are very good at the technical side of things, but their sense of urgency isn't there when it comes to major hiccups and outages. Hell, we have a main piece of our software that only two of them can support, and, guess what? When it's a holiday over there, they both take the days off.......and we have no support after about 10 in the morning here because it's late at night in India.

    That would never happen here in the States.
    Last edited by Its On A Slab; January 3rd, 2019 at 03:30 PM.

  11. #11
    BamaNation Hall of Fame GrayTide's Avatar
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    Re: Businesses paying for college education

    It is a good benefit from companies that still offer it.
    Last edited by GrayTide; January 4th, 2019 at 05:01 AM.
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  12. #12
    BamaNation Hall of Fame DzynKingRTR's Avatar
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    Re: Businesses paying for college education

    Most architecture firms will not pay for school. We architects, (the younger ones), tend to jump ship a lot. Unless you own the firm, we tend to bounce around a lot. Now some firms will pay for the ARE (Architects Registration Exam). They will reimburse you, but you have to stay with the firm X number of years.
    Architects do it with models.

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