Starbucks to pay full college tuition for eligible US employees
New York
STARBUCKS will now pay full tuition for its workers to get a degree from Arizona State University online, instead of just partially footing the bill, giving it another way to entice employees in a tightening labour market.
Employees who work at least 20 hours a week will be eligible to have full tuition, the company said in a statement on Monday. Starbucks founded the college programme in 2014, with full-tuition reimbursement available only to juniors and seniors, while students in their first two years got a stipend of US$6,500 to cover about half their fees.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue