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In the 1980s, US corporations began reducing training and other benefits for employees. The prevalence of employee education benefits programs was further reduced during the Great Recession, from 61 percent of companies surveyed in 2008 to 51 percent in 2018. [10] In 2021, a refound popularity among large employers has been met with skepticism.
Walmart is investing nearly $1 billion over the next five years in "career-driven training and development" for its employees. The largest U.S. private employer is paying 100% of college tuition ...
Walmart announced that it will offer low-cost college education to its 1.4 million part-time, full-time, and salaried workers at Walmart and Sam's Club.
Companies are partnering with universities to offer employees fully-subsidized Bachelor’s or Master’s degrees in hopes of attracting ambitious workers who want to build out their careers.
In February 2019, Papa John's Pizza announced that all its employees would receive free tuition at Purdue Global. [77] In June 2019, Walmart announced that Purdue Global would be one of six schools in their Live Better U education benefit program. [78] The program is being marketed with the "chance to get a degree for the cost of a dollar a day."
Companies can recruit and retain employees by offering them education assistance and employee tuition discounts. [96] Guild Education is a for-profit company that works with employers such as Walmart and Disney to offer tuition assistance from several colleges, including University of Arizona Global (formerly Ashford University ), Purdue ...
Walmart is launching a new program aimed at rewarding employees who stay with the company longer, and offering them more opportunities to move into higher-paying roles.
A Walmart store in Mebane, N.C. Walmart says for the fourth time during the pandemic it will give its 1.5 million U.S. part-time and full-time employees additional cash bonuses for their work.