COST-EFFECTIVE EMPLOYEE DEVELOPMENT · PowerPoint Presentation Author: Jodi Neely Created Date:...
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AUTHOR’S NAME HERE Kimberly K. Estep, Ph.D. Chancellor, WGU Tennessee November 14, 2018 COST-EFFECTIVE EMPLOYEE DEVELOPMENT: OPTIONS FOR THE RURAL HEALTHCARE WORKFORCE
Transcript of COST-EFFECTIVE EMPLOYEE DEVELOPMENT · PowerPoint Presentation Author: Jodi Neely Created Date:...
AUTHOR’S NAME HERE
Kimberly K. Estep, Ph.D.
Chancellor, WGU Tennessee
November 14, 2018
COST-EFFECTIVE EMPLOYEE DEVELOPMENT:OPTIONS FOR THE RURAL HEALTHCARE WORKFORCE
HISTORICAL TRENDS IN EMPLOYEE DEVELOPMENT
• Front-loaded education replaced by lifelong learning
• New fringe benefits options
• Career ladder replaced by gig economy
• Increased focus on retention of hard-to-replace
employees
PROGRAM DEMAND BY HEALTHCARE EMPLOYEES
• RN-to-BSN
• Health informatics
• Information Technology/Information Security
• Healthcare analytics
• Healthcare management
BARRIERS TO EMPLOYEE DEVELOPMENT
• Cost
• Distance from Providers
• Time/Competing Commitments
• Uncertainty about ROI
TENNESSEE RECONNECT
Helpful links:
https://www.tnreconnect.gov
https://www.tnreconnect.gov/TalktoanAdvisor/TennesseeReconnectCom
munityAdvisors/tabid/5241/Default.asp
• Tennessee Reconnect Communitieso Middle Tennessee Reconnect
o Southwest Tennessee Reconnect
o Upper Cumberland Reconnect
o South Central Reconnect
o Northwest Reconnect
o Graduate Memphis Reconnect
o Smoky Mountain Reconnect
TENNESSEE STUDENT ASSISTANCE AWARD (TSAA)
*Eligibility: TN Resident, at least ½ time enrollment, EFC $2,100 or less
Helpful link:
Type of Institution Max Award
Four-year private $4,000
Four-year public $2,000
Two-year public $1,300
TCAT $1,000
https://www.tn.gov/collegepays/money-for-college/grant-
programs/tennessee-student-assistance-award.html
NAVIGATING THE FAFSA
• What you need to apply for the Free Application for
Federal Student Aid (FAFSA)
o Prior-prior year tax data (2017 for 2019-20 school year)
o Verification of tax data can be daunting
Helpful link:
https://studentaid.ed.gov/sa/fafsa
KEY STATE GRANT AID DEADLINES
FAFSA Opens: October 1State deadline for aid: February 1
INSTITUTIONAL SCHOLARSHIP FUNDS
www.wgu.edu/scholarships
IRS GUIDELINES ON TUITION ASSISTANCE
• $5,250 annual max is deductible by employer but not taxable to employee
• Reimbursement above this amount must be declared and taxed as income
• Applicable to tuition/fees/books only
• Can be provided either up-front oras reimbursement
HELP YOUR EMPLOYEES AVOID COMMON PITFALLS
• Choosing the wrong college/university
• Borrowing too much
• Not budgeting sufficient time
LOOKING TO THE FUTURE
• Digital Badges
• Stackable certificates
• Non-credit to Credit-bearing options
