Lexington-Fayette, Kentucky 2021-07-28 12:00:39 –
Wal-Mart said on Tuesday that it would soon begin paying 100% tuition and books to employees attending a handful of selected college classes and courses.
and Press releaseWal-Mart said it will reduce workers’ annual membership fees of $ 365 to participate in the Live Better U education program from August 16th. This means that all 1.5 million Wal-Mart and Sam’s Club employees are eligible for college degrees from 10 academic institutions at the company’s total cost.
According to Wal-Mart, the company launched the Live Better U program in June 2018 to help employees pursue education.
The program covers tuition and books for employees taking specific classes at Brandman University, Penfoster, Purdue University Global, Southern New Hampshire University, Wilmington University, and Boxy Engen.
On Tuesday, Wal-Mart announced that it would add four “Academic Partners” to the program: Johnson & Wales University, University of Arizona, University of Denver, and Passstream. The company also said that educational institutions will offer new degrees and certification programs in business administration, supply chain, cybersecurity and more.
CNN Workers report that they must remain employed by Wal-Mart either part-time or full-time while taking classes to be eligible for free tuition.
In a statement, Wal-Mart’s Senior Vice President of Learning and Leadership, Lorraine Stomsky, said, “We are paving the way for employees to grow their careers at Wal-Mart, so they themselves and their families. You can continue to build a better life for us. ” “This investment is another way to help employees pursue their passions and goals while removing barriers that often prevent adult working learners from earning a degree.”
According to Wal-Mart, the Live Better U program has had 52,000 employees and about 8,000 have already graduated since its inception.
This move happens when Wal-Mart and other retailers fight labor shortages in the industry. In May, Labor Statistics Bureau He said there are 974,000 jobs in the retail sector.
February, Walmart Raise average wages For employees, it’s $ 15 an hour, but the starting hourly wage of $ 11 an hour still lags behind retail rivals Target and Amazon.
Other large employers like Chipotle pepper There is also a move to raise wages in recent months as a way to attract new employees.