New York: Walmart Inc said on Tuesday it would pay the full cost of college tuition and books for its nearly 1.5 million full- and part-time employees, effective Aug. 16.
The largest private US employer said it would reduce the current $1 per day fee paid by affiliates walmart and its subsidiary Sam’s Club.
Consumer demand is rising as the US economy reopens from the Covid-19 pandemic, a deepening national labor crisis. Employers are adding benefits and raising wages as they struggle to find and keep enough workers, especially in retail and restaurants.
Walmart has been criticized for years because thousands of its employees are below the poverty line, and it has also been rapped for paying less than rivals including Amazon.com, Kroger and Target.
In February, Walmart said it would raise the median wage for American hourly workers by at least $15.25 an hour.
Then in March, the world’s largest retailer said it would further boost wages for its hourly workers on the east and west coasts of the US, where the cost of living is higher and competition for labor among retailers is more intense. Is.
About 28,000 employees have been active in Walmart’s educational programs this summer alone and 8,000 have graduated, the company said, which began in 2018 to offer college degrees, skills training and other certificate programs. .
The company also said Tuesday that its educational offerings are aligned to its growth areas, and that it will add programs in business administration, supply chain and cyber security.
The largest private US employer said it would reduce the current $1 per day fee paid by affiliates walmart and its subsidiary Sam’s Club.
Consumer demand is rising as the US economy reopens from the Covid-19 pandemic, a deepening national labor crisis. Employers are adding benefits and raising wages as they struggle to find and keep enough workers, especially in retail and restaurants.
Walmart has been criticized for years because thousands of its employees are below the poverty line, and it has also been rapped for paying less than rivals including Amazon.com, Kroger and Target.
In February, Walmart said it would raise the median wage for American hourly workers by at least $15.25 an hour.
Then in March, the world’s largest retailer said it would further boost wages for its hourly workers on the east and west coasts of the US, where the cost of living is higher and competition for labor among retailers is more intense. Is.
About 28,000 employees have been active in Walmart’s educational programs this summer alone and 8,000 have graduated, the company said, which began in 2018 to offer college degrees, skills training and other certificate programs. .
The company also said Tuesday that its educational offerings are aligned to its growth areas, and that it will add programs in business administration, supply chain and cyber security.
.