Adult education allowance is an easy way to ensure relevant and up-to-date skills for your employees. It is a cost-effective way for employers to allow their staff to study on full-time or part-time study leave.
Adult education allowance is a practical way to support the professional development and well-being of employees. It helps strengthen expertise in the work community in line with the organisation’s goals.
Adult education allowance covers a wide range of studies in different fields, from full degrees to partial degrees and short vocational trainings. It enables employees to take part-time or full-time study leave and combine work and studies.
Employees apply for the allowance in the Employment Fund’s online service, and the allowance is paid directly to the applicant. The employee’s studies will not create any costs or obligations to the employer, other than having to make study leave arrangements and submit employment contract information during the application process.
“It is definitely a good idea to include adult education allowance in your company’s toolkit. You don’t need massive staff competence development plans to take advantage of it," says Tuulikki Saari, Director of Customer Relations of the Employment Fund.
The most important preconditions for adult education allowance are that the employee must have eight years of work history in any field and that the current employment relationship must have lasted at least one year. This means that the employee can apply for the allowance quite early into the employment relationship, which may lower the threshold for hiring less experienced workers.
Sometimes adult education allowance can enable the employee to take on a new role, either within their current company or somewhere else.
“Adult education allowance can make it easier to find a solution to an unexpected situation, whether it’s underachievement issues or the employee’s desire to get better at their current job or pursue a new career path,” says Katja Knaapila, Director of HR and Communications of the Employment Fund.
Is your employee applying for adult education allowance? This checklist helps you ensure that the allowance process goes smoothly.