Employees who participate in tuition assistance programs have been found to have higher retention rates than individuals who do not do so. As a result,offering such a program is sufficient to improve employee retention rates.
Technical professionals and those under 30 years rank promotion above compensation as a retention concern.
The purpose of offering special benefits is to communicate to individuals that the employer cares about the employees and recognizes the challenges of balancing work/life demands.
Common turnover rates can range from almost zero to 100%.