Milestone-based scholarships that increase retention and productivity
Milestone-based scholarships enable greater control, ensuring that early career talent you wish to hire is job ready, and maximizing learning and development investments with training, education and upskilling providers.
How EFFA Works to attract and de-risk
01
Create Scholarship
Create EFFA scholarship with vetting and preparation milestones addressing root causes of voluntary turnover
02
Engage Talent
Send scholarship award invites to your top candidates
03
Vet and Prepare
Scholarship paid out as vetting and preparation milestones completed
04
De-risk
De-risk hiring decision through assessments, onboarding, in-person visits, projects and/or last-mile training
05
Secure Hire
Best match applicant secured
Tuition disbursement works better
Working with EFFA helps employers:
- Maximize employer education investments
- Improve employee compliance
- Provide a better employee experience
- Engage managers in creating career outcomes
- Provide a better employee experience
How disbursement scholarships are built
Four simple steps:
- Student initiates program request
- EFFA system adds employer policy details
- Manager adds career plans
- University ties degree plan to career plan
Why Employers Should Care
Employers spend 8-12 months planning and executing a complex, labor intensive, university talent acquisition process.
New degreed talent requires additional vetting and preparation as these grads have a high attrition rate within the first year at their new job.
According to SHRM, this extremely high churn rate costs employers 1X - 2X that new grad's salary in lost productivity, talent acquisition and onboarding.
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