Oftentimes, having a higher degree of education or training translates into being more marketable as an employee. As high school graduation has long since passed as the last bastion of schooling, more and more businesses and professions are looking to hire individuals with bachelor's or master's degrees, and sometimes even doctorates. In fact, in order to occupy certain professions at all, such as medicine or law, a four-year degree is the least of what is necessary for entry level positions.
Social conventions often dictate that a higher degree or training certificate offers more respect to the recipient. Often, those who receive such diplomas or evidence of training display them proudly in their place of business to be admired by all who enter. Certain individuals, such as accountants and social workers, get to put special letters after signing their names on professional documents -- such letters indicate the type of degrees or license received.
In today's fast-track career world, the more education and training an individual has, the more likely they are to be promoted to positions requiring authority over others. They also receive some of the most desirable assignments and projects within the organization, and can have their subordinates do the unpleasant menial tasks associated with the job, if they wish. By receiving additional training (either inside or outside the company) they can be considered for continued promotions within their organization or field.
Frankly, these days having a higher degree or level of training simply means making more money. At times, this is because the level of responsibility or authority given to the employee is greater, but often employers are willing to increase salary based solely on the earning of the degree. In fact, certain companies have incentive programs that promise workers a greater salary and additional benefits just for obtaining a higher degree in their related field.
Finally, the more education and training that an employee has, the more types of jobs he or she can perform within a chosen field, possibly leading to increased job satisfaction.