UPS delivers with employee tuition assistance
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United Parcel Service Inc. has beefed up its employee education benefits. With higher tuition costs and its recruiting and retention efforts, UPS increased the reimbursement amounts for tuition, books and fees that are available to its employees effective Aug. 1.
Previously ranging from $3,000 to $4,000 a year, with lifetime maximums ranging from $15,000 to $20,000, the company now reimburses employees $5,250 a year, with a lifetime maximum of $25,000.
The tuition assistance program at UPS is available to full-time as well as part-time workers to help employees with their career development.
“We want (the program) to be very public facing and show how attractive our part-time jobs are, which is very different from many areas of the workforce where benefits are only made available to full-time employees,” a company spokeswoman said.
Also new this year is the addition of an education counseling benefit, which gives UPS employees access to confidential counseling with third-party professionals to assess their goals and interests, she said, adding that counselors “will provide some school rankings based on the criteria you defined, what the associated costs are, what the credit transfers are.”
“Maybe you took classes a number of years ago and then you stopped and you want to see how that transfers,” she said. “Or it could be, what credits transfer from my work experience? Or it could be, what credits transfer from my military experience?”
While UPS doesn’t offer a college savings plan, it does have several scholarships available for the children of UPS employees.
“It’s very much a source of parental pride to … show the success and leadership of your child,’’ the spokeswoman said. “We promote that within all the company communications.”
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