Amazon To Pay College Tuition For Around 750,000 Hourly Workers In The United States
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Amazon has decided to offer 100 percent college tuition for almost 750,000 hourly workers in the United States. The e-commerce giant said that it is would invest around USD 1.2 billion over the period of four years on this and more. Amazon is the latest major employer to offer such perks in the recent past. These companies are announcing perks to retain their hourly employees and to attract new workers in a tight job market. Several companies and restaurants are unable to find workers after the relaxations were announced in coronavirus-induced lockdown.
As part of its Career Choice program, the company would start paying for tuition, fees, and book for employees from January. Amazon said that those covered under this program work as warehouse, transportation, and other hourly employees. Those who have worked with the company for more than 90 days will be eligible to get benefits from the program. Under this, these employees can pursue a bachelor’s degree. But Amazon has not finalized the list of colleges where workers can get enrolled for the using the benefit. The company also said that it would soon start covering high school diploma programs and others.
Employees who will avail of benefits under the program will have to continue to work part-time or full-time at Amazon while completing their education. The company has also made it clear that those employed at Whole Foods would not be eligible for the program. Amazon owns Whole Foods. While Amazon did not offer any such thing to cover bachelor’s degrees in the past, it does have an existing benefit for employees that allows workers to get enroll in two-year associated degrees. It was also offering certificate degrees at partner educational institutes such as the University of Maryland and Miami Dade College. There are other companies too who have announced similar perks for employees. Walmart announced in July that it would cover the cost of tuition and books it employees who would like to earn a degree at 10 academic partners.
He has been helping in business of varied scales, with key strategic decisions. He is a specialist in healthcare, medical devices, and life-science, and has accurately predicted the trends in the market. Anurag is a fervent traveller, and is passionate in exploring untouched places and locations. In his free time, he loves to introspect and plan ahead.
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