Walmart has unveiled a new education programme that will allow its worked to undertake highly subsidised degrees in Supply Chain Management or Business.
The company will subsidize the cost of higher education, beyond financial aid and an associate contribution equivalent to $1 a day.
Degrees will be offered through the University of Florida, Brandman University and Bellevue University – nonprofit schools selected for their focus and strong outcomes on serving working adult learners.
The programmes are available to full-time, part-time and salaried Walmart U.S. store, supply chain, home office and Sam’s Club associates.
Walmart said the initiative is designed to remove barriers to college enrollment and graduation.
“Walmart has kicked off what might be the nation’s most scalable approach to creating educational opportunity for America’s workforce, now available to its U.S. associates and their families,” said Rachel Carlson, chief executive officer and co-founder of Guild Education.
“Walmart is also leading innovation at the intersection of workforce development and higher education by helping associates earn college credit for their on-the-job training.”
Walmart is also committed to an independent evaluation of the outcome of its new offering.
The Lumina Foundation has agreed to research and measure the impact and effectiveness of the program and will work with the Walmart team to share findings.
“Walmart is making a significant investment in its workforce that will not just help the company, but help shift how our society moves toward more affordable and accessible pathways for individuals to be recognised and rewarded for their work-based skills and knowledge, resulting in high-quality, relevant credentials. We applaud Walmart’s efforts,” said Jamie Merisotis, president and chief executive officer of the Lumina Foundation.