Half of Employers Balk at Paying for Continuing Education
Half of Chief Financial Officers (CFOs) participating in a recent survey developed by Robert Half Finance and Accounting, report that their organizations do not reimburse staff for the continuing education credits required to maintain the professional certifications of their staff members.
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“Employees who earn professional accreditations establish themselves as leaders in their field and, in the process, gain insight into industry trends and best practices,” Max Messmer, chairman and CEO of Robert Half International Inc. said in a prepared statement announcing the survey results.
More than 1,400 CFOs from a stratified random sample of U.S. companies having 20 or more employees were asked “Does your company reimburse its employees for the continuing education units needed to maintain their professional designations, such as CPA or CMS?” They responded:
- Yes, full reimbursement (29 percent)
- Yes, partial reimbursement (17 percent)
- No reimbursement (50 percent)
- Don’t know/no answer (4 percent)
“Companies that support continuing education signal they are committed to the professional development of their staff, which could give these firms an edge in the recruitment and retention efforts,” Messmer explains. “While education benefits rarely are the sole criterion for accepting a position, they can tip the scales in an employer’s favor in a competitive hiring environment.”