American Multinational Retail Corporation Walmart Inc. announced on Tuesday that it would pay college fees and books at a group of schools for its part-time and full-time associates. The company’s news release stated that nearly 1.5 million employees could get college degrees or learn trade skills without the burden of education debt. The American Multinational Retail Corporation said that they are creating a path of opportunity for their employees to grow their careers at Walmart.
This opportunity will make their lives better for themselves and their families. Lorraine Stomski, senior vice president of learning and leadership at Walmart, said that this investment is a way to support their associates to work towards their passion. The main purpose is to remove barriers that stood in the way of working adults to earn a degree.
American Multinational Retail Corporation also added additional options for certificates and degrees, certificate and degree options, like business administration and cybersecurity. This step is due to many businesses saying they are struggling to retain workers. Experts say some workers have not returned to work amid the ongoing coronavirus pandemic for multiple reasons, including concerns over COVID-19, child care, and more. Earlier this year, Walmart raised the pay for 425,000 workers, and its minimum wage is $11 an hour.