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Walmart will cover full college tuition and books for its workers at some schools | St. Louis News Headlines – St. Louis, Missouri

St. Louis, Missouri 2021-07-27 13:10:00 –

(CNN)-Wal-Mart pays full college tuition and some schools book for it U.S. workersThe latest effort by the country’s largest private employer to undermine the profits of attracting, tightening and retaining talent Employment market..

The program includes 10 academic partners from the University of Arizona to the Southern University of New Hampshire. Participants must remain part-time or full-time employees of Wal-Mart to qualify.

The company announced on Tuesday that it would reduce the previous $ 1 a day fee paid by Wal-Mart and Sam’s Club workers who want to earn a degree and also pay for books.Approximately 28,000 workers participate in the program that Wal-Mart participates in I started 2018. Wal-Mart has about 1.5 million workers.

Lorraine Stomsky, senior vice president of learning and leadership at Wal-Mart, said in a call to reporters Tuesday that “eliminating the $ 1 a day investment will remove financial barriers to registration and increase access. I feel. “

Wal-Mart also added four new academic partners, bringing the total to ten, offering more bachelor’s and certificate options in areas such as business administration, supply chain and cybersecurity.

Wal-Mart has incentives to expand its program. Employees who participate in the program are twice as likely to be promoted and are reserved at a “significantly higher percentage” than other workers, according to Stomski.

This move arises as retailers across the country face the challenge of hiring employees in staff stores and warehouses.

According to the latest report, there were 974,000 unemployed people in the retail industry in May. data From the Labor Statistics Bureau.

Walmart procured earlier this year wage 425,000 American workers at least $ 13 per hour. Wal-Mart’s minimum wage is $ 11 per hour, below competitors such as Amazon and Target’s $ 15 starting rate.

Other retailers are also increasing wageOffer recruitment and referrals Bonus Expand profits as they search for workers.

The-CNN-Wire

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