Master's Scholarships. Proof That Positive Work Cultures Are More Productive. Too many companies bet on having a cut-throat, high-pressure, take-no-prisoners culture to drive their financial success.
But a large and growing body of research on positive organizational psychology demonstrates that not only is a cut-throat environment harmful to productivity over time, but that a positive environment will lead to dramatic benefits for employers, employees, and the bottom line. Although there’s an assumption that stress and pressure push employees to perform more, better, and faster, what cutthroat organizations fail to recognize is the hidden costs incurred. First, health care expenditures at high-pressure companies are nearly 50% greater than at other organizations.
The American Psychological Association estimates that more than $500 billion is siphoned off from the U.S. economy because of workplace stress, and 550 million workdays are lost each year due to stress on the job. The stress of belonging to hierarchies itself is linked to disease and death. 1. 2. 3. 4. The 8 Types of Salespeople - HBR Video. How to Convince Your Boss to Pay for Your MBA. So, you’re ready to get your MBA.
You’ve done your research, you’ve found a great program and you’re prepared to commit. Now, the hard part: paying for it. It’s no secret that the cost of an MBA can run upwards of $100,000, so getting some outside financial help can be both smart and mandatory. One place to look is your current employer. Many fortune 500 companies — along with a few smaller organizations — have tuition reimbursement programs, fellowships, or other programs to help finance your education (here’s a list of 33 examples). Businessinsider. Roderick LewisRoderick Lewis, international relations director at ISCTE Business School, University Institute of Lisbon.
In order to convince your company it'd be worth an investment to pay for your MBA, you need to demonstrate that getting the degree will strengthen your understanding of the business environment and that the company will reap the benefits in the long-run. Even if it means you have to cut back on hours during this time. "Usually, an employee has to already been delivering great results within the company," Roderick Lewis, international relations director at ISCTE Business School, University Institute of Lisbon, told us. "If you haven't already convinced your company, then asking them to [sponsor your education] becomes really difficult. " First, you need to do a little research on your own, said Lewis, author of the book "The Corporate Recruitment Game.
" Doing an MBA? Top 10 Incentives for Your Employer. If you’re hoping to secure company sponsorship to study for your EMBA, here are the top ten incentives that should help persuade your employer to give you the go ahead. 1.
New skills and techniques One of the key advantages of the Executive MBA is the new management skills and techniques it enables you to develop. This in turn, allows for a move towards increased responsibilities in the workplace. Such responsibilities may occur once you have completed your EMBA – time is already of the essence when you’re juggling your normal workload with family life and business school. 2. It’s quite possibly the main attraction of the Executive MBA – both for candidates and employers alike. 3. It’s the holistic view of management and business offered by the Executive MBA that attracts so many candidates to this degree. 4. 5.
Convincing Your Employer to Pay for Your MBA. Managers value employees who have career goals and the desire to acquire new skills, and many companies have education reimbursement programs.
But before you discuss an MBA with your boss, it’s best to be prepared, do your research and understand the policies and procedures to secure support. Gather Knowledge from Colleagues You can learn a lot by talking with co-workers, managers who are a rung or two ahead of you in the organization, and those who have received promotions. Ask if they have an MBA, how they balanced work and school, and how it has benefited them and the company. The more you learn from others, the stronger your case when you talk to your supervisor. Research Company Policies Check your employer’s website and/or the employee handbook for any information regarding formal tuition reimbursement or scholarship programs before seriously discussing it with your supervisor.
Discuss with Your Boss Be prepared to discuss the following topics: W. 6 Tips for Getting MBA Tuition Reimbursement From Your Employer. Want to get MBA tuition reimbursement from your employer?
Emphasize your value to the company, just as if you were asking for a raise! Have you ever asked your boss for a raise? This isn’t a conversation most of us relish, so, all too often, we put it off, hoping our bosses will just notice all the amazing things we do and eagerly reward us when we obliquely bring up the uncomfortable topic of earning more money. Asking your employer to provide MBA tuition reimbursement is not unlike asking for a raise, and you have similarly low chances of success if you apply the evasive strategy above.