Partnership Builds Nursing Pathways for Future Professionals
Concorde Career Colleges and Marquis Companies are thrilled to continue their successful partnership aimed at addressing the increasing demand for licensed practical nurses (LPNs). This collaboration is a key initiative to support the healthcare workforce in an ever-evolving landscape.
Forgivable Student Loans Create Opportunities
Through the "Peak Pathways Career Development" program at Marquis, eligible employees can access up to $12,000 in forgivable student loans to attend Concorde's nursing program. This innovative funding is contingent upon a multi-year commitment to work with Marquis after graduation, with an annual loan forgiveness of $4,000 for each year of service.
Strengthening Staff Retention and Career Advancement
Kevin Prehn, President of Concorde Career Colleges, emphasizes the dual benefit of this partnership: "This collaboration demonstrates the power of investing in employee education, which fosters career growth while improving retention rates and reducing recruitment costs." This partnership ensures that dedicated staff can develop critical nursing skills while remaining loyal to their employer.
Responding to the Nursing Shortage
Originally initiated during the pandemic, the partnership arose from the urgent need to fill nursing roles as hospitals competed for LPN graduates. Marquis Companies recognized the necessity to upskill their current workforce to combat the nursing shortage and turned to Concorde for support.
Commitment to Employee Development
Meagan English, Chief People Officer at Marquis, shared the motivation behind the partnership: "Finding a way to enhance our existing workforce has been essential. Our collaboration with Concorde allows us to create a sustainable pathway for growth and development among our staff." They tailored the internal program by integrating a forgivable loan structure to facilitate education.
Growing Demand for Practical Nurses
The demand for skilled practical nurses continues to rise in the region. Job growth projections in the surrounding areas indicate an estimated 9.8% increase from 2023 to 2033, significantly outpacing national trends. Marquis is aware of these statistics and actively prepares employees to meet this demand.
Competitive Selection and Proven Success
Employees at Marquis go through a comprehensive application process to qualify for Concorde’s program. This entails detailed written submissions and recommendations from leadership, alongside a minimum tenure requirement of six months. So far, 13 employees have successfully graduated, with 12 currently enrolled, illustrating the program's effectiveness.
Looking Ahead: Expanding Cohort Sizes
The future of this partnership aims to enhance the learning experience by increasing group size during training. Rather than having multiple small cohorts start at various times, Marquis plans to initiate one substantial cohort annually, fostering camaraderie and collaborative learning among students.
July Cohort Set to Launch
With aspirations set for the next cohort to begin Concorde’s nursing program in July, Marquis Companies is poised to continue nurturing the careers of employees passionate about senior care.
Discover More about Nursing Programs
For those interested in exploring Concorde’s nursing programs and the opportunities available through this partnership, further information can be found through Concorde Career Colleges.
Frequently Asked Questions
What is the focus of the Concorde and Marquis partnership?
The partnership aims to address the nursing staff shortage by providing educational funding and structured pathways for Marquis employees to become licensed practical nurses.
How much financial support does Marquis offer through this program?
Eligible employees can receive up to $12,000 in forgivable student loans to attend Concorde's nursing program, with benefits tied to their employment duration.
How does the application process work for employees?
Employees must submit written essays and obtain recommendations from supervisors while ensuring they meet tenure and standing criteria.
When is the next cohort expected to start?
The next group of employees is anticipated to begin training in July, promoting a cohesive learning experience.
Why is this partnership beneficial for employees?
This collaboration provides employees with educational opportunities that are financially accessible, enhancing their career prospects and contributing to Marquis’ success in staffing adequately.
