Learn how to get your boss to pay for your study
There’s no reason to fear asking your company pay for your study. Use this guide to get a full ride!
Imagine a world in which you get fully qualified without paying a cent. It might sound like a pipe dream, but it’s something that many people do every day.
When a business invests in its employees, it usually sees a significant return. The research proves it, yet most businesses aren’t jumping at the opportunity to pay for the education of their employees. However, it makes perfect sense, especially if a business is helping their employees gain qualifications relevant to their current role.
Want to convince your boss to pay for your study? Here are the reasons it’s a great investment for them.
Happy Employees Stick Around
A company who treats its employees well tends to see vastly reduced turnaround. When you’re asking your boss to pay for your study, let them know how much you’ll appreciate it. Let’s be honest, you will! It’s not simply the act of paying for the study either – it’s an indication from the company that they value your contribution to the company and want to make an investment in your future.
Encourages Greater Peace of Mind
Employees with a higher level of training and greater qualifications tend to be more reliable. If you’ve got the skills and the piece of paper to prove it, your boss is going to be a lot more comfortable trusting you with high level tasks.
For example, if your boss needs to make a decision about a management promotion, who are they going to choose, all other things being equal? Chances are, your management qualifications will give them a reason to believe you can be trusted with the role.
Gives Clients Greater Confidence in the Business
When it comes to making choices, there’s nothing clients like to see more than a business filled with highly qualified people. If you’re in any way involved on the client-side, or clients have access to your qualifications, it can be a great boon to client relations if you’ve got the right qualifications for your job.
There’s a reason businesses pay big money for good project managers – it gives clients confidence and trust in the people handling their work.
Boosts Your Productivity
Nothing boosts your productivity like getting better at your job. The fact is, even after years in a role, there are still improvements to be made to the way you do things. Most good managers understand this. In fact, many would be happy to jump at the opportunity to increase the productivity of their employees.
There are countless studies that show employees with professional qualifications are more productive. Getting qualified prepares you not only for the intricacies of the role, but also equips you with a variety of soft skills required to boost your productivity at work. More importantly, studying exposes you to other ideas and methods, many of which you can apply to your job. This perspective is incredibly difficult to obtain without studying the way other business do things.
Improves the Business’ Digital Presence
Digital marketing is an increasingly integral aspect to the operations of modern businesses. Branding is big business, and most business owners are attuned to the fact. Social networks such as LinkedIn are constantly growing in use and popularity. Many businesses now request that employees maintain an updated profile, particularly if they’re in sales or another client-facing side of the business.
By listing your qualifications on your social media profiles and wherever you’re associated with your job, you can instantly boost that business’s profile. It always looks good to have qualified people on staff.
The Big Guys do it.
Plenty of major global firms pay for the education of their employees. Apple, Boeing, Disney, Ford, and many others happily put up the cost of employee education because they know it’s worth it. Let’s face it, if a business has a great work environment, awesome culture and challenging roles, they know that they’re employees are going to hang around. So naturally, they sweeten the pot with some added employee development.
A Wider Network
While you're getting qualified, you're likely to rub shoulders with other students in similar industries. This can have immense value down the track – there's a reason people tell you that your greatest ever networking opportunities will come during university.
Building out a network of people in similar industries and with similar interests can come in very handy when it comes to sales. Be sure to make sure your boss is well aware of the value that comes from your exposure to other people during your study.
It makes Financial Sense
Possibly the strongest argument for a company investing in an employee’s education is the clear financial advantage. Who wouldn’t say no to a more qualified employee without the price tag? Of course, your new qualifications will probably demand a higher salary, however the value you’ll bring to the business will far outweigh the costs of your qualification.
If by paying your study a business can instantly see a boost in productivity, a reduction in staff turnover costs and possibly more work coming through the door, they’ll jump at the opportunity.
The key is to make them realise it. It’s not easy asking your boss to pay for your study. You have to present a solid argument, and make the case in a language they understand. Ultimately, they’re concerned about the business. So if you can convince them that your education will make a strong contribution to the success and sustainability of the business, you’ve got a great chance of getting your boss to pay for your education.