Target employees are on the verge of gaining a nice advantage. The company just announced that it will pay tuition for business courses for everyone who works for the retailer.
All U.S.-based Target employees will be eligible for debt-free undergraduate degrees, certificates, certifications, free textbooks and more as part of the new initiative. The offering includes 250 business-aligned programs from over 40 schools, colleges and universities and up to $ 10,000 per year for master’s programs.
“Target employs team members at every stage of life and helps our team learn, develop and develop their skills, whether they are with us for a year or a career,” said Melissa Kremer, Director Human Resources Department at Target, in a press release. .
“A significant number of hourly members of our team are building their careers at Target, and we know many would like to pursue additional training opportunities. We don’t want cost to be a barrier for anyone, and this is where Target can step in to make education accessible to everyone, ”added Kremer.
Target employs more than 340,000 frontline team members and the retailer has announced it will invest $ 200 million over the next four years in the tuition program.
While the program is aimed at employees interested in business degrees and only covers select schools, Target says it will provide direct payments to schools attended by other student-employees up to $ 5,250 for degrees. other than master’s and up to $ 10,000 for master’s degrees each year. .
The program is one of many initiatives being offered by large companies in the United States right now as they all rush to hire new employees.
Walmart recently announced a similar initiative to Target, claiming it would pay 100% of the tuition and books for about 1.5 million Walmart and Sam’s Club associates in the United States.
Previously, Walmart and Sam’s Club associates paid $ 1 a day to participate in the Live Better U program, but that fee has now been waived and the retailer has said it will invest nearly $ 1 billion over the course of the five next years in a training focused on career and development.
Like the Target program, Walmart’s announcement also covers certain courses and schools.
Starbucks caused a stir in 2014 with the creation of its Tuition Assistance Program, which the coffee chain has only grown in the years since. Chipotle offers a similar program, which it also recently extended to cover additional degree tracks.
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