EXECUTIVE EDUCATION: Employers are less and less likely to offer financial help to their high performing and high potential staff to take on formal business education these days.
However, there may now be space for HR professionals to propose fixed terms of service as a way to help reward and retain high-end talent.
Southeast Asia is already in the midst of a skill shortage, especially in the tech industry. An offer to pay or subsidise an MBA or Executive MBA could sometimes be the edge needed to stave off headhunters. It also provides a visible career path with significant upward mobility.
Resurrecting employer-paid executive education may just be the panacea required for both companies and employees in the current challenging business environment.
This opinion was extracted from Chief of Staff Asia's report on Executive Education. For further coverage, and access to the full report, please see any of the below links:
Asian business schools on the rise (news highlight)
MBA Graduates enjoy growing demand (infographic)