Previous    Next                                

   

Employers Tuition-Reimbursement Program

At ICOF we can help, have your employer call us today.

While paying for ministry employees' college cost can be expensive, tuition-reimbursement programs can be an effective way to recruit and retain good Christian workers. I can help foster employee job satisfaction, improve productivity and contribute to the overall success of you church ministry.

•In a study conducted by spherion, a staffing and employment-services firm, 62% of the respondents who had received training or mentoring said they were very likely to stay with their current ministry organization for the next five years.

•Like any other type of compensation or benefit, setting up a tuition-reimbursement program requires some foresight and planning.

Before you establish a tuition-reimbursement program, contact ICOF we will help you consider the following.

  • What You'll Reimburse. Decide what type of classes

    • Vocational, Technical or Academic
    • Your program will cover.
    • And if your reimbursement will cover books and other related fees.

  • How Much You'll Reimburse - Since the IRS lets companies contribute up to $5,250 Tax free, some businesses cap thier reimbursement fee at this amount.
  • Some companies and ministries pay 100%, 75% or 50% of tuition costs, while others compensate according to grades: For example, an "A" is reimbursed at 100%, a "B" at 80% and a "C" at 50%.

  • Which Employees are Eligible. Determine whether or not you'll reimburse both full-time and part-time employees, and establish terms for tuition-reimbursement eligibility. For instance, an employee must work at your company or ministry for six month before they can take advantage of the program.

  • Which Classes You'll Reimburse. Clearly spell out the types of courses you'll pay for. Most employees only pay for classes that enhance an employees job-ministry-related skill set. If you have doubts about the credibility of a program, as for a course description.

AT ICOF WE CAN HELP.  HAVE YOUR PASTOR CALL US TODAY
   

   
 
ICOF Colleges and Universities