Earlier this year, the company boosted its starting hourly wage to $11, expanded its maternity and parental leave policy and added an adoption benefits. (Photo: Shutterstock)
Walmart Inc. will fund college degrees for its U.S. workforce, the latest benefit rolled out by the nation's largest private employer to reduce turnover and counter criticism over its treatment of staff.
The retailer's 1.5 million employees can now pursue associate's or bachelor's degrees in business or supply-chain management at three nonprofit schools for $1 a day, according to a statement Wednesday. Walmart will subsidize tuition, books and fees and provide support with the application and enrollment processes. As many as 68,000 employees might sign up, Walmart executives estimated. They declined to disclose the potential cost of the program.
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