Companies Benefits of Master Degree in Business Administration
Companies know that investing in your workforce will have immeasurable impact on the bottom-line but not too many will even consider allowing one of its employees to pursue a Master Degree of Business Administration, much less pay for the continuing education. Unfortunately, companies balk at the sacrifice involved. It takes a lot to adjust all your operations to cater to a single employee who might have to sacrifice some of his or her responsibilities to focus on the studies.
Developing human resource:
Developing your workforce through retraining and education and aligning those with your overall business mission will ensure mid-term and long-term gains. What holds back most companies in supporting an employee get a Master Degree of Business Administration degree is the fear that the worker will leave afterwards. The studies, however, say otherwise.
A Louis Harris and Associates survey revealed that employees are more likely to leave the company that offers no training opportunities. According to the survey, 4 in 10 of those employees were planning to find better opportunities elsewhere within the year. On the flip side, only about 12 percent of the employees who worked for companies that offer continuing education and training said they will be leaving. So to say that investing in education of your employees will prompt them to leave does not really hold water.
Benefits of Master Degree:
The Louis Harris and Associates survey was further buttressed by the National Network of Sector Partners which stated that developing human resource will boost company bottom-line. Among the benefits to the employer who allows its employees to pursue a Master Degree of Business Administration degree include taking advantage of any innovation or new updates in the industry, it can reduce employee turnover as the employees are more likely to stay, boost productivity and improve work quality.