The US Federal Reserve is expected to release a survey today showing that 40% of workers in households making less than $40,000/year lost a job in March.
In other words, the less you can afford to lose a job, the more likely you are to lose it during this pandemic.
We’ve always known that a higher education leads to a higher salary. Now we see that a higher salary leads to a higher job security.
For employers who truly care about their employees and aren’t sure how to protect them from future downturns, consider a tuition-reimbursement program. This type of benefit will attract better candidates, increase retention, and boost loyalty and performance. More importantly, your employees will be better prepared for the next crisis (and there will be one).
An educated workforce is a stronger workforce.