Challenge
A large manufacturing company challenged with addressing an
unplanned, increase of 140% in tuition assistance benefit
plan reimbursements.
Solution
Edcor’s consultants were engaged to perform an analysis
of the plan. The study revealed that the majority of the cost
increase was isolated to one segment of the plan participant
population. A detailed analysis of program objectives, policies
and program data was performed.
RESULTS
21% annual savings
Only 11% of plan participants impacted
Minimal impact on employee relationships, performance
and learning
Several policy changes were recommended and implemented
as a result of the project
Client