How to Persuade Your Boss to Pay for Your Education
With corporate budgets tightening across the board, getting the company to pay for an advanced education can be tough but not impossible. A well-trained, well-educated staff is critical to the success of the business, according to the Minneapolis Star-Tribune. Knowing how to approach the boss about the issue is critical.
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Instructions
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Choose a course of study that enhances the company. People working in a bank shouldn't approach the boss requesting to study nursing or engineering. However, a degree in banking, finance or economics makes sense. Inquire if the company wants or needs something specific like a communications person. Can the employee fill that void? Asking the boss to pay for something to fill the company's needs can be a good strategy. Agree to new job responsibilities upon completing the course of study to utilize the new skills.
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Convince the boss this is an investment. Much like putting money into the stock market or a 401K program, money spent on an advanced education will return to the company once the employee completes the program. The employer can create a new business enterprise based on the employee's advanced knowledge in the field, thus creating new revenue for the company. Retaining the top talent is in the best interest of the company and keeps it competitive, according to the article "Employer-paid Education a Neglected Training Tool" by E. Scott Golden.
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Create a timetable to finish. An organized plan of action, along with a clear focus, emphasizes an employee's interest. Develop a strategy to finish the degree in a manageable time frame that suits both the employee and the company. Good advisement and a "road map" will help students complete their goal since many are adult learners, according to the Chicago Tribune.
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Offer to sign a contract. Many employers are unwilling to pay for an education because they feel an employee will leave upon completing the degree. Signing a contract shows your commitment to both the boss and the company. Contact a lawyer about signing anything.
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