fbpx

Education-Friendly Workplace Best Practices

Learn about ed-friendly practices, polices and resources

Click the titles below to learn more about each topic

Education Friendly Practices, Polices and Resources

Workplace Culture Practices

Tangible Support and Opportunites

Education-friendly practices & policies should be supported by underlying and complimentary family-friendly policies. 

  • Paid Leave
  • Health Support
  • Work Schedules
  • Economic Support

Visit Family Friendly New Mexico to learn more about these policies, download toolkits, and apply for the Family Friendly Business Award and the Education Support Special Designation.

Policy & Resources

Advantages to an Ed-friendly workplace

Businesses are increasingly experiencing difficulty in finding and retaining talent. Fostering a workplace in which employees are valued, invested in, and who see opportunities for personal and professional growth can help organizations and businesses hire, develop, and retain skilled employees. This in turn increases productivity, quality production of goods and services, and drives profits. 

In 2022, only 36.7% of working-age adults in New Mexico had an associate degree or higher. This lags behind the national average of 43.6% (US Census). There is a positive correlation between the workforce’s level of education, a state’s median wages, and productivity. 

Talent is often an employer’s most critical asset when building and scaling their organization. When businesses and organizations strategically plan and invest in talent development, it’s a win-win for employers, employees, and the local economy and community. 

Costs & Potential Challenges

Challenges

Addressing misconceptions that offerings are costly, time-consuming, or that employees will be lost to competitors. ​

  • Assess needs and costs of options ​
  • Utilize local programs and colleges to help minimize time spent planning/organizing
  • Research show that skill building leads to reduced feelings of stagnation and attrition, as well as increasing employee loyalty

Ensuring employee buy-in 

  • Provide information, support and encouragement 
  • Provide mentorship opportunities for persistence and success
  • Tie in skilling-up with performance goals and promotions

Addressing scheduling flexibility  

  • Many courses are now available online or in the evenings, helping to accommodate schedules
  • Agree to communicate about upcoming exams etc. where a flexible schedule is needed
  • Agree to provide a few on-site hours for coursework 
  • Agree to shift hours earlier/later to accommodate course times

Costs

 Can vary depending on industry and extent of offerings​

  • NM Opportunity Scholarship helps reduce need to extensively cover tuition costs ​
  • Start small with adjusting practices & policies as you build capacity
  • Utilize opportunities for free programs such as Job Training Albuquerque​​

 Calculate costs utilizing The Graduate! Network Education Benefits Calculator

Pros and Cons | employers vs. individuals

Employers

Individuals

  1. Savings on recruitment and training costs

  2. Increased productivity and efficacy through acquired skill and knowledge sets

  3. Larger pool of potential applicants for recruitment and increased retention 

  1. Investment of time and planning

  2. Investment of resources 

  1. Opportunity to continue or complete credentials
  2. Feeling valued and supported by workplace

  3. Opportunity to advance career

  1. Challenge of balancing education, work, and home life

  2. Investment of time and planning

  3. Investment of resources

Case Studies & Testimonials

Local Colleges, Partners & Programs

Partnerships with local or national institutions and programs can reduce the need for employer organization and management of educational opportunities. Local colleges have advisors to help support employees with applying for and accessing financial aid, arranging class schedules, and more. Additionally, in-house offerings offered by partners can be tailored to employers’ specific needs. 

For Employees: Financial Aid

Financial aid is money to help pay for a student’s higher education. Funds can come from the state, federal government, higher ed. institutions, or private funders such as non-profits and businesses. Costs such as tuition and fees, books and supplies, room and board, transportation, and some living expenses may be covered by financial aid. Funds typically come in the form of grants, scholarships, work-study, and loans.

Apply for federal & state financial aid by filling out the FAFSA – The Free Application for Federal Student Aid 

Grants – Funds to pay for college or career training, typically given based on a student’s financial need. Grants do not need to be repaid. 

Resources:

Federal Pell Grant

Scholarships – Funds to pay for college or career training, typically based on a student’s unique background, talents, interests, major etc. May be funded through the state government, higher education institution, or private entity such as a non-profit or business. 

Resources:

NM Opportunity & Lottery Scholarships

Fire Fighters & Peace Officers Survivors Scholarship

Graduate Scholarship

Grow your Own Teachers

Wartime & Vietnam Veterans Scholarship

Albuquerque Community Foundation Scholarships

Scholarships.com

UNM’s Additional Scholarship Website Resource

 

Work-study – Part-time work available to students with financial need, organized by the higher education institution and funded by state or federal government.

 Resources:

NM Work Study Program

CNM Student Employment

Santa Fe Community College Student Employment

SIPI Work Study

UNM Work-Study & Student Employment Info

Loans – Money that is given to a student to pay for college or career training and which must be paid back, including interest. Loans may come from federal or state government, or from private lenders. 

Resources:

Subsidized vs Unsubsidized Loans

NM Loan-for-Service Programs

Loan Repayment Programs

College Savings Plan – A tax-advantaged savings account for education expenses.

Resources:

NM’s 529 College Savings Plan

Helpful Definitions

Learn the common terminology used in higher education settings.

Programs combine paid on-the-job training with related classroom instruction. NMDWS

A tax-advantaged savings account for education expenses

funds to pay for college or career training, typically given based on a student’s financial need. Grants do not need to be repaid. 

The Free Application for Federal Student Aid – assesses an individual’s or family’s need for financial aid using recent tax returns. Filling out the FAFSA is the first step to accessing federal and state financial aid.

Money to help pay for a student’s higher education. Typically in the form of grants, scholarships, work-study, and loans from the state, federal government, higher ed. institutions, or private funders such as non-profits and businesses. Costs such as tuition and fees, books and supplies, room and board, transportation, and some living expenses may be covered.

A student or trainee who works at a trade or occupation in order to gain work experience.

Money that is given to a student to pay for college or career training and which must be paid back, including interest. Loans may come from federal or state government, or from private lenders. Subsidized vs Unsubsidized Loans

Education level following secondary (high school), including colleges, universities, trade & vocational schools.

Funds to pay for college or career training, typically based on a student’s unique background, talents, interests, major etc. May be funded through the state government, higher education institution, or private entity such as a non-profit or business.

A sum of money charged for teaching or instruction by a school, college, or university.

An employee benefit through which an employer pays for a pre-determined amount, either upfront or as a reimbursement, of continuing education, college coursework, etc. These programs are intended to assist employees in advancing their education as it relates to their current career track, offering the chance to increase industry knowledge and develop advanced skills.

Part-time work available to students with financial need, organized by the higher education institution and funded by state or federal government. 

Workforce Innovation & Opportunity Act designed to help job seekers access employment, education, training, and support services to succeed in the labor market and to match employers with the skilled workers they need to compete in the global economy. NMDWS

BE IN THE KNOW

Sign up for our emails and stay informed about how we work with partners and supporters like you to strengthen our community.