Why would USAA change the Tuition Reimbursement program and not have a cushion for employees to transition. How is this a benefit when we have to pay our own tuition. We’ve not been able to get a straight answer and every question is an automated response. I work in the contact center and have a very strict budget! How was this approved!
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Guild is literally the cheapest option. We have the same assistance as Walmart and Taco Bell now. According to Bloomberg, Guild is paid by sharing tuition revenue to schools. I would be willing to bet that Tamla when doing those HR talks in Vegas the other year with the head of Guild was won over. Either way hoping we can at least find a way through all this mess. For a company who has so much stress that someone took their own life, they sure don’t mind piling more stress on. This is probably a way to encourage attrition so they can lay off less. Like they did with all the remote mess before.
Name one benefit change this year that helped the employee? I'll wait.
The student loan match repayment match to your 401k comes close. Except this is money that USAA would have contributed anyway had you been able to make normal contributions. Plus, I believe there is some limit to executive contributions based on enterprise participation in the program. USAA can claim high 401k participation using budgeted money.
I'm sure there was leadership dialogue on the Ed Assist changes. And I bet a full paycheck that cost savings was a key driver. Your scenario was probably described and dismissed assuming you could cover tuition on your credit card. Earn frequent flier miles, as some suggest. Ok. Make that an option, but not a once-size-fits-all solution. Newer and lower paid employees are more likely to use this benefit and impacted the most.
My favorite newer benefit is maternity/paternity leave. Who pays for that benefit? We all do, not USAA. I know a team that has 2 moms on maternity leave at the same time. Does that team get help with the workload? No. The rest of the team has to pick up the slack. The team is cohesive and making it work. But none describe the increased workload as a benefit.
I am on leave at the moment, and am interested in seeing how this will shake down when I need to take tests to get into the program I want to enroll in.
From what I am gathering, if I want to attend classes not part of the pre-paid bullsh-t, the new “education benefit” will not pay the school directly like before?
It's no wonder that the emoji for this "benefit" is a dumpster fire. Handled just as well as the 4-day RTO, the new PTO and that awful cafe ordering system. Gotta hand it to the execs, they're coming up with creative ways for accelerated attrition.
I am guessing they didn’t consider the fact that everyone cannot drop 3k for a program or put on a credit card, there was a huge money savings or kickback to USAA or someone there, or both?
I am reading that you won’t get a reimbursement for weeks too. So would that mean you have to pay again for school before you get your funds back? Also if I charge the amount I will have to pay interest and if it is coming back in your check don’t have to pay taxes too? Man the more I think on this the more stressed I am getting.
I actually much prefer it this way; let me earn miles or cash back on all my tuition. But yeah, I get it, if you can't swing paying that in advance from your account for a billing cycle or two that would su-k.
I’m now forced to use my credit card to pay for spring semester and will have to wait 3 pay cycles for reimbursement. Thankfully my credit card has a $0 balance on it, but what about others who don’t have that, or unable to just fork over $2-$3k then wait almost 6 weeks to be paid back. My opinion, this is just USAA’s way of discouraging employees from using this benefit, and eventually they’ll make other changes making it worse than it is now.
They do this to drive you away for them to then say, "well, it's not being used,toss it" more "savings"
I believe this is USAA again cheapening the benefits package. I would imagine fewer employees will take advantage of this because it’s such a pain. That seems intentional. Ed Assist was always been a pain though. As the years pass, the benefits are less and less impressive as compared to the sheer he-l you must endure to receive them.