Walmart sweetens its college tuition offerings
As it struggles to fill open
positions, Walmart is redoubling its efforts to attract high school students by
sweetening its tuition assistance offers with free SAT and ACT prep as well as
extending its $1 per day college degree program, according to published reports.
Walmart is also offering
graduation bonuses of up to $1,500 to select associates who earn their degree
while employed there.
The retailer announced this
week it will also subsidize the cost of tuition, books and fees at six
non-profit colleges, including the University of Florida.
Students who go through the program while they work at Walmart will be eligible for various types of bachelor’s and associate degrees, such as computer technology, business management and supply chain management.
Tuition assistance after 90 days
Employees become eligible for
program after working at Walmart for 90 days.
Unemployment in the United
States has fallen to its lowest levels in decades, posing a challenge for even the
largest private employer in America.
Earlier this year, Walmart
raised its starting hourly wage from $9 to $11 and began offering paid parental
leave and adoption benefits to full-timers.
Walmart employs more than 1.5
million U.S. workers, of which just 25,000 are in high school today. That’s below
the retail industry’s entry-level average, according to Walmart.
Though retail jobs were once
attractive to high school students, Walmart blames scheduling difficulties for
the growing difficulty of luring high schoolers.
And they are far from the only company having trouble finding high school students.
Focused on college
The youth employment rate has
been declining for years as fewer teens enter into the workforce.
That’s because many higher
schoolers are focused on activities that are more likely to get them into a
good college, like summer internships or volunteer programs.
But Walmart believes its offerings,
along with flexible scheduling and the option of working steady shifts, can cut
into that.
Walmart boasts a history of supporting
high school students. More than 300 of Walmart’s approximately 4,700 store
managers in the U.S. began as hourly workers in high school. Walmart’s current
CEO, Doug McMillon, started working at Walmart in high school, too.
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