The relationship of employee reimbursed education programs and return on investment: An exploratory analysis of the key coordinates

Recent studies of Education Reimbursement Programs (ERP) revealed that monies spent on these programs are not closely monitored. It is suspected this deficiency exists because these programs do not cause a large enough drain on the company budgets to be of concern. However, other studies have concluded that approximately 10 billion dollars are spent annually to fund ERPs. The purpose of this research is to explore the relationship between ERPs and their return on investment. As a tool for this research, a model is presented to facilitate the analysis of the return on investment of the ERP in terms of monetary (tangible) and aesthetic (intangible) issues. These concerns are investigated and analyzed to determine their impact on selected organizations.