Rachel Carlson, Guild Education CEO, says Target's education deal shows 'we've hit the moment' where employers understand their role in economic mobility.
Though Walmart already subsidized employee education, the company recently said it would go a step further to cover 100% of the cost of its associates college tuition and textbook costs.Target's education offering the 'most comprehensive'as the most comprehensive that Guild Education has seen. It includes a high school completion GED program, undergraduate credentials and up to $10,000 towards a master's degree.
While it extends to master's degrees, she said the high school and college components are highlight the need among the front-line work force to have the opportunity to learn. Frontline employees who participate in the Guild programs are 7.5 times more likely to move into a management role than peers not enrolled, Chipotle has stated, while it has also seen a 3.5 times higher retention rate among employees enrolled as students in Guild programs.Patrick T. Fallon | Bloomberg | Getty Images
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