Saturday, September 25, 2010

Tuition Reimbursement - Template Policy

Purpose

{MYCOMPANY} supports employees who wish to further their education and prepare themselves for promotional opportunities. In keeping with this philosophy, {MYCOMPANY} has established a reimbursement program for expenses incurred through approved institutions of learning for up to nine (9) hours of courses per semester; or, trimester systems will cap out at eighteen (18) hours per year. This program will reimburse participating employees for all employer approved tuition costs of approved courses and training after completion. {MYCOMPANY} will reimburse up to a maximum of $500.00 per semester incurred by an employee for continuing education through an accredited program that either offers growth in an area related to his or her current position or might lead to promotional opportunities. This can include college credit courses, continuing education unit courses, seminars and certification tests. ELIGIBILITY-You are eligible to participate in this program if you work thirty (30) or more hours per week, have successfully completed your probationary period, and, the courses are job-related.

Document

To apply for tuition reimbursement, follow the procedures below:

  • Advise your manager as far in advance of course content, course dates and times, cost, and expected benefits to the Company.
  • The Tuition Reimbursement Form should be completed and all the appropriate signatures obtained prior to enrolling.
  • The employee should bring the form to the HR Department and a copy will be filed in the employee's file. The employee will maintain the original until he or she has completed the course.
  • Upon satisfactory completion of an approved course, you must submit proof of payment, a grade report or certification, and original Tuition Reimbursement form to the HR Department. Satisfactory completion is defined as the equivalent of 'C' or better or 'P' if taken Pass/Fail to receive any reimbursement.
  • {MYCOMPANY} will reimburse you 100% of the cost of enrollment/test up to $500.00, including books and other required material, after submission of the documentation described above.
  • If travel/hotel costs are incurred for employment related tests/exams/seminars, {MYCOMPANY} may pay for cost upon prior HR approval.
  • If employee terminates employment within one year after receipt of reimbursement, employee will be responsible to pay entire reimbursement cost back to {MYCOMPANY}.

Any questions or comments should be directed to the HR department.