Individual Stipend Program for Your Team
By supporting your staff’s educational goals, you are motivating your team to excel, while preparing them for future growth. The Individual Stipend Program (ISP) is designed to be as flexible as you need it, and helps your eligible employees earn degrees and certifications while keeping your bottom-line in mind.
Support Your Team’s Educational Journey
ISP is a great way for you to have an active role in helping your employees attain their career development goals. It also aligns with KP’s mission to ensure that its workforce is educated, highly skilled, and highly trained.
With your approval, BHMT will provide your eligible employees a wage replacement stipend from 1- up to 16-hours per pay period to study and/or attend classes. You also have control of when employees can use these hours, so it won’t impact your staffing coverage.
Strategies for Using ISP to Your Advantage
- Keep an Open Line of Communication
Open communication helps build trust between you and your employees. Have a conversation up front with them to understand their educational plan and goals. That way, you can work together and identify how many stipend hours you can afford to grant your team each pay period.
- Avoid Scheduling Conflicts
With the flexibility to define the days an eligible employee can use their ISP wage replacement; your team’s ISP schedule can remain fluid to allow you to account for any staffing needs. Work with your employee to determine what works best for you.
- Utilize a Waitlist
Consider setting up a waitlist, so when one employee is done using ISP, the next one can participate. Also, have check-ins with your eligible employees at the end of each course, so you can keep track of when their need for ISP will be over.
Sign Into the BHMT Manager Portal to Stay Up-to-date
- See which of your employees is currently participating in ISP
- Verify eligible staff for BHMT benefits
- Learn more about team building opportunities