Walmart to subsidise US college tuition
Walmart, the US retailer known for its’ giant supermarkets, says that it will be offering to subsidise college tuition fees for its workers in the US – of whom there are some 1.4 million.
The subsidy will apply to courses within associate’s and bachelor’s degrees in supply chain management or business. It can be used for online courses at the University of Florida, Brandman University in California, and Bellevue University in Nebraska.
The company said that these three universities were chosen for their high graduation rates among part-time and mature students who are already working full-time.
Both full-time and part-time Walmart employees will qualify for the subsidy once they have completed 90 days of employment with the company. Employees who do take up the subsidy will only need to put US$1 (SG$1.40) towards tuition, and will not be obligated to stay with the company even after they obtain their degrees.
“Investing in the personal and professional success of our associates is vital to Walmart’s future success. We know training and learning opportunities empower associates to deliver for customers while growing and advancing in their careers,” said Greg Foran, CEO of Walmart US.
The subsidy announcement follows other moves by the company to offer a stronger package to employees. Already this year, it has raised the base salary from US$2 (SG$2.70) per hour to US$11 (SS$15) per hour. It has also set up “Walmart Academies”, which offers lower-level store managers more training opportunities in the area of management.