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Fewer Employers Compensating Employees for Continued Education

Fewer Employers Compensating Employees for Continued Education

Though many companies are starting to loosen their budgets once again, the previous trend of compensating workers for continued education does not appear to be returning, according to a new survey from Robert Half Finance & Accounting.

The survey, which is based on interviews with more than 1,400 CFOs from companies around the U.S., found that only 26 percent said they offer at least partial reimbursement for education credits required to maintain professional certifications. That figure represents a sharp decline from 2006, when it reached 46 percent.

"As the job market strengthens, it becomes more important for companies to offer benefits that help employees advance their careers," Max Mesmer, chairman and CEO of Robert Half International said in a release. "A robust professional development program is an attractive incentive for talent recruitment and retention."

Mesmer notes that supporting continued education among staff makes the company better equipped to handle evolving consumer demand.

CPE credits can be obtained in a number of ways including attending conferences and leading discussions or giving speeches, according to the Government Finance Officers Association (GFOA). 

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