Target has announced it will spend up to $200 million over four years to cover the full costs of college for its employees.
, one of the nation’s largest managers of upskilling and employee education assistance programs. According to the company’s announcement, employees will be able to take courses “at more than 40 schools, colleges and universities, choosing from an industry-leading 250 business-aligned programs from Business Management and Operations to IT, Computer Science, Design and more.”
Examples of institutions included in the partnership are the University of Arizona, Oregon State University, University of Denver and eCornell along with such Historically Black Colleges and Universities as Morehouse College, and Paul Quinn College. Target employees who want to pursue degrees in fields outside of the specified business-aligned programs in the Guild network will still receive tuition support. Target will pay up to $5,250 annually for sub-masters degrees and up to $10,000 for master’s degrees each year.a new corporate strategy, unveiled earlier this summer, that aims - among other goals - to create an equitable and inclusive workforce.
The latest moves - first by Walmart and then by Target - illustrate how competitive the labor market has become as the economy’s bounce-back continues. Many businesses report being desperate to hire and retain enough workers. At the beginning of the summer, U.S.
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