Employer funded MBA

[Guest Jean Benefiel]

I am interested in establishing guidelines for placement of employees upon completion of an employer funded MBA. My company (captive finance) presently does not have a policy regarding these employees (i.e. no promotion or lateral moves are usually achieved upon completion)and, subsequently, we lose many employees upon graduation. I am not looking to make any hard-fast promises to employees in programs as I recognize that circumstances are changeable, but I am looking for alternatives to the current "pat on the back" that many feel is their only present reward. Any information on what other companies do would be appreciated. Thanks!