Corporate Scholarship Programs with a Direct Return on Investment
Businesses subsidize higher education for individual students that would enter the company workforce in the future
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Student
Research
34pt
Idea
53pt
Evaluation
0pt
Collaboration
53pt
Total
140pt
Businesses subsidize higher education for individual students that would enter the company workforce in the future
Community colleges are viewed as cost-effective alts. to four year school. Are institutional spending habits about to change this mindset?
Thinking beyond the usual student housing procedures of rent, utilities and other expenses.
Shane, thanks for bringing Grant Stouffer 's idea to my attention! Though the more specific functional practices for the ideas are different, it looks like we have similar goals and general designs for corporate sponsorship and funding of student education.
Izabela, very good questions! This would work like any job offer; a company would present standing offer, and the student could have a designated time to accept. Because this could happen over the course of a few years of undergraduate school, the company could schedule biannual meetings and short interviews to check in on the thoughts and progress of the student's aspirations.
As for times of crisis, companies will have to determine to prioritize these entry level programs. I have a few roommates who have accepted job offers with oil companies in a rough patch for the oil market. Though many of these companies have cut jobs, they have also decided to prioritize the entry level development programs to keep and maintain this young talent. Every company is different, but that will be up to the company's discretion and will have to weigh the benefits and consequences themselves.
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