Forma’s Education Assistance is a cloud-based platform that enables organizations to provide, administer, and automate education-related benefits for employees. The platform supports a range of educational assistance options, including stipends for courses, books, conferences, and tuition reimbursement for accredited programs. Employers can define eligibility, funding limits, and covered expenses, while employees have the flexibility to select learning opportunities that align with their career goals and personal development. The system streamlines administration for HR teams, automates compliance with tax regulations, and provides real-time analytics on benefit utilization. Forma’s Education Assistance integrates with existing HR and payroll systems, ensuring seamless onboarding and management. The platform is designed to help companies attract and retain talent by investing in workforce skills and supporting lifelong learning, while reducing manual processes and ensuring regulatory compliance.

Key Features

Customizable Education Benefits Employers set eligibility, funding limits, and covered expenses.

• Supports stipends for courses, books, and conferences
• Tuition reimbursement for accredited programs

Employee Flexibility Employees choose learning opportunities that fit their needs.

• Personalized selection of courses and development activities
• Covers a wide range of educational expenses

Automated Administration & Compliance Streamlines benefit management and ensures regulatory adherence.

• Automated claims processing and documentation
• Built-in compliance with tax regulations (e.g., IRS Section 127)

Real-Time Analytics & Reporting Provides insights into benefit usage and program effectiveness.

• Utilization dashboards for HR teams
• Data-driven optimization of education programs

Integration with HR Systems Connects with HRIS and payroll platforms for seamless management.

• Simplifies onboarding and eligibility tracking

Benefits

Talent Attraction & Retention Enhances employee value proposition and supports career growth.

• Attracts top talent with competitive benefits
• Increases employee satisfaction and loyalty

Workforce Upskilling Invests in employee learning and professional development.

• Supports ongoing skill development
• Prepares workforce for evolving business needs

Administrative Efficiency Reduces manual work for HR and ensures compliance.

• Automated processes and documentation
• Simplifies tax and regulatory reporting

Cost Control & Flexibility Employers control budgets and only pay for used benefits.

• Set annual or per-employee limits
• Flexible program design