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Wow! The target is drawing a big gun to attract new employees, roommates! The national retailer announced on Wednesday that it will invest $200 million starting this fall to provide workers with a debt-free way to earn a college degree.
according to NBC Finance Channel, Target announced that it will pay tuition, miscellaneous fees and textbook fees for all employees pursuing 250 professional undergraduate degrees in computer science, information technology, and business management. According to the announcement, employees at Target stores, distribution centers, and US headquarters locations will be eligible to participate in the program on their first day of work.
Target said it plans to work with more than 40 institutions, including the University of Arizona, Oregon State University, University of Denver, and Morehouse College, to invest $200 million in the project over the next four years. Target will also pay part of the tuition for employees seeking a master’s degree.
The new plan makes Target the latest company to invest in employee education! Chain stores like Chipotle and Starbucks have been helping employees pay for college. Wal-Mart recently announced that after requiring employees to pay $1 a day to qualify, it will pay tuition for employees.
Target Chairman and CEO Brian Cornell (Brian Cornell) said that although the public criticized the new plan as just a new way to attract new employees, the company had not encountered any problems in retaining employees throughout the pandemic. To any questions.
Cornell said: “The wages we pay, our commitment to training and development, the way we take care of the team during the pandemic… In fact, we didn’t encounter any challenges in the workforce.” “In fact, our departure The rate is the lowest in years.”
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