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Tags: Education | Financial Markets | chipotle | cnbc | starbucks

1.4M Walmart Employees Offered College Tuition Benefits

1.4M Walmart Employees Offered College Tuition Benefits
(Danny Raustadt/Dreamstime)

Scott Rasmussen By Monday, 04 June 2018 06:14 PM Current | Bio | Archive

With unemployment low and companies looking for new ways to retain employees, Walmart announced that it will heavily subsidize college tuition costs for any of its 1.4 million U.S. employees.[1]

The workers will only have to pay a dollar a day for the courses they take to earn a business degree. Courses can be taken online or in person at one of three colleges — the University of Florida, Brandman University, or Bellevue University.

Earlier this year, Walmart increased its entry-level pay from $9.00 per hour to $11.00.

CNBC notes that this program is being introduced as companies "face a tighter labor market, and competition for the best talent is intensifying." Walmart is far from alone in seeking to offer employees a better deal. "Chains like Starbucks and Chipotle have started offering similar education perks to get workers to stick around." [2]

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

  1. The New York Times, "Walmart Says It Will Pay for Its Workers to Earn College Degrees," May 30, 2018
  2. CNBC, "Walmart unveils a new employee perk: College tuition," May 30, 2018

    Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.​

    Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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ScottRasmussen
Walmart is far from alone in seeking to offer employees a better deal. Chains like Starbucks and Chipotle have started offering similar education perks to get workers to stick around.
chipotle, cnbc, starbucks
295
2018-14-04
Monday, 04 June 2018 06:14 PM
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