Investment in adult education for continual improvement in career knowledge and job skills is important for remaining employable throughout a lifetime.
The benefits of lifelong learning go beyond the traditional view of keeping the mind sharp or improving memory. In today’s global work force, continual learning is an important component of improving job skills. According to the National Center for Educational Statistics’ (Digest of Education Statistics, 2010), over 49 percent of working adults are enrolled in at least one adult education course designed to improve their employment skills.
Because of the ever increasing cost of paying for these adult education courses or programs, employee lifelong learning accounts are now offered by businesses around the country. The primary benefit of money saved in these accounts is the financial assistance employees receive while pursuing education to improve their job skills and career knowledge. These savings accounts are funded through matching contributions by employees and employers.
The real value and benefit of the money saved in these lifelong learning accounts is through financial support to pay for tuition, books, supplies, and fees associated with adult education programs. Additional benefits for investing in adult education through these employee learning accounts include the ability to:
Benefits for employers participating in lifelong learning account programs include:
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The benefits these lifelong learning accounts support is central to improving employment skills and ensuring an employer views you as a valuable asset to the company.
Despite the record number of unemployed workers today, many jobs remain unfilled according to a Deloitte Research Study, It’s 2008: Do you know where your talent is? (2008). These vacancies are brought to light in following facts resulting from this study:
only 32 percent of high school graduates are prepared for post secondary education
approximately 90 percent of fast growing careers require post secondary education, while over 60 percent of these careers require a college degree
an average of 70 percent of high school students earn a diploma, while in some areas of the country the graduation rate is significantly lower
These facts highlight the need for continual learning throughout your working lifetime. Acquiring new job skills and career knowledge are essential to lifelong employability. This contradicts the view of lifelong long employment.
The days of working for one company or business throughout a workers lifetime are over for most adults. It is important to ensure lifelong employability through going back to school to continue your education to remain employable throughout your working lifetime.
Taking advantage of lifelong learning accounts, when participation is offered, is necessary. Just like investing in a retirement account, investment in an account designed specifically to support learning new employment skills throughout a lifetime is equally important.
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