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An employer may believe that it has a human resources department in place to hire the appropriate person to fill a position; however, just as cars lose their value over time and computer equipment becomes obsolete, an employee’s education and skills can also become obsolete. Providing tuition reimbursement and making time allowances for continued education keeps an organization progressive. The corporation can develop its internal value by using these as recruiting tools but mostly by developing its most precious asset – its’ current employees.
As Mitra Toossi, an economist in the office of Occupational Statistics and Employment Projections from The Bureau of Labor Statistics, wrote, “the aging of the baby-boom generation and its movement from the prime-age to the older labor force will decrease the overall labor force participation rate...
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