Walmart offers employees under 18 years higher education at the expense of the company
Walmart estimates that its stores employ about 25 people under the age of 000—that's 18 million minors across America. To attract and retain workers in a tight labor market, the company is expanding its interest-free college tuition benefits to high school students.
June 4, the country's largest private employer, said it would offer free training for the SAT and ACT (standard tests for entering undergraduate programs in American colleges) for their high school students, and also provide them with two or three free general education courses at the beginning learning writes New York Post.
The development is part of an expansion of a Walmart program launched last year that offers the most discounted access to higher education to full- and part-time workers who have worked for the company for at least 90 days.
On the subject: Walmart employees can graduate from the company
The company works with a Denver-based startup called Guild Education, which offers a program that costs just $ 1 per day. Training takes place in several non-profit universities with online programs that successfully work with adult students.
Walmart is also expanding its vocational training options from just business and supply chain management to 14 other majors, including cybersecurity and computer science. Walmart officials say these programs will help ensure workers have the skills they need for the future.
About 7500 adult workers are already registered in the program. Walmart expects 68 000 employees to be credited over the next few years.
On the subject: Working at Walmart can bring up to $ 175 thousand per year: the company reported on its salaries
High school students are a complex group of workers. Fewer teens get a job, much more often going to summer schools or working as volunteers to help them go to college. Teens who want to work face competition from adult employees, young college graduates, or foreign workers.
According to the Bureau of Labor Statistics, by 2024, only 26,4% of teenagers will be able to get a job (in 2014, they were 34%). For comparison, in July 1986, 57% of Americans between the ages of 16 and 19 were employed. This proportion remained at a level above 50% to 2002 of the year, after which it began to decline steadily.
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