Silicon Valley Lifelong Learning Accounts Program
(LiLA)
Banking on Career Advancement through Education
Education and training are not accessible to many working adults in a time when continuous learning and upskilling are basic requirements for career mobility and higher wages. The Silicon Valley Lifelong Learning Account (LiLA) Program brings together employers and employees to create a partnership approach for meeting both the competitive needs of business and the skill and knowledge requirements of workers in the global marketplace. LiLAs provide a shared responsibility/shared benefit model of workforce development for the greater Silicon Valley region.
LiLAs
- are voluntary employee/employer matched portable individual savings accounts used for financing education and training
- maximize education and training dollars
- supplement employer-supported tuition assistance programs and allow smaller businesses to offer education benefits cost effectively
- are funded through individual employee contributions, employer matches, and potential matches from third party sources
- provide a career counselor to help employees map out their goals and learning plans
- pay for a wide range of educational activities for career advancement
- deliver all the recruitment, enrollment , and career counseling services at the business location
In addition, a LiLA program
- enhances existing education and benefits programs
- provides a career counselor to help employees map out their goals and learning plan
- offers financial education training to all LiLA participants
- pays for a wide range of educational activities for career advancement
The Silicon Valley LiLA Program provides benefits for both employees and employers:
| Employees |
Employers |
- Pursue a degree or certificate program
- Obtain additional training and knowledge
- Continue lifelong learning
- Learn a new or different skill
- Increase earning potential
- Work with a career counselor
- Access career advancement opportunities
|
- Provide an innovative, affordable benefit
- Improve the skill sets of employees
- Improve employee morale
- Increase employee retention
- Enhance recruitment efforts
- Recognize and reward employees
- Assist in marketing a company’s career pathway
|
Testimonials
Getting Started
The LiLA program can be customized to fit any employer’s requirements. We would be happy to talk to you about offering LiLAs at your site. A Silicon Valley LiLA Program staff member can help you easily set up a LiLA program; then we’ll manage the program for you.
Contact us for more information about this new approach to workforce development.
CLICK HERE to watch the video demonstration.
Dr. Ingrid Thompson
Project Supervisor
Phone: 408.283.3608
|
