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As corporate America evolves to meet the changing needs of the modern workforce, employee education benefits have emerged as a critical element in attracting and retaining top talent. Alongside traditional benefits such as health care and retirement plans, education benefits are increasingly recognized as essential for addressing the priorities of both candidates and current employees. One reason for this is simple - college can be expensive. According to a recent study although 75% of Americans recognize the value of obtaining a bachelor's degree, over half (56%) of individuals who have never enrolled or were previously enrolled cite cost as a significant deterrent to pursuing or reenrolling in postsecondary education. The goal of corporate education benefits is to provide employees with various avenues for professional growth and development while alleviating the financial burden associated with higher education. For employers, offering education benefits also has its benefits, as companies that offer education programs to their employees also stand to gain on several fronts: Retention and Talent Advancement: Investing in employee education fosters loyalty, engagement and encourages career advancement, leading to higher education rates. Reduced Acquisition Costs: By nurturing existing talent, businesses can reduce the need for frequent recruitment and onboarding, thereby cutting down on acquisition costs. Attraction of Top Talent: Competitive education benefits can serve as a powerful recruitment tool, attracting high-caliber candidates who prioritize continuous learning and personal development. A Leading Example: Starbucks College Achievement Plan (SCAP). Starbucks was among the first to offer tuition assistance in 2014 with the Starbucks College Achievement Plan (SCAP), a first of its kind partnership with Arizona State University (ASU). This program creates an opportunity for all eligible U.S. partners (employees) to earn their first-time bachelor's degree through ASU's top-ranked online degree program. Ten years later, Starbucks has celebrated its largest class of SCAP graduates, marking a decade of transformative impact through a pioneering tuition assistance initiative. How does it work? Upfront tuition coverage for online degrees with no strings attached: Unlike many programs that cap tuition benefits, SCAP offers full tuition coverage, all upfront. And there is no commitment to stay with the company after graduation. High-quality education: Partners enrolled in SCAP benefit from ASU's top-ranked online degree program with over 150 undergraduate degree programs to choose from ensuring access to the same caliber of education as on-campus students. Pathway to Admission: Starbucks and ASU provide an admissions pathway for partners who do not initially qualify for enrollment. Through Pathway to Admission, eligible partners can take up to 10 college-level courses to earn their admission into the university, with credit conversion costs fully covered. To date, the SCAP program has helped more than 13,000 partners earn their degree. And, according to data from The Burning Glass Institute, approximately 75% of SCAP participants have experienced significant career growth post-graduation. But to Starbucks, SCAP represents just one facet of the diverse landscape of education benefits available to employees. In 2022, the company also rolled out a student loan management tool as part of a financial well-being push. Through Tuition.io, employees have access to tools, resources and individual coaching to manage student loan debt, such as repayment options and loan refinancing. Success stories like Starbucks and others serve as compelling evidence of the tangible benefits of investing in employee education. Beyond immediate career advancement, these initiatives lay the groundwork for sustained growth, both for individuals and the companies that support them. For more information on the Starbucks SCAP program, go to https://www.starbucks.com/careers/working-at-starbucks/education/.

Shaping the Future Workforce: Why Corporate Education Benefits Matter

⏲ 0:30 👁 845K

Converge Study Abroad

Computer Science at UIC | University of Illinois at Chicago

⏲ 1 minute 52 seconds 👁 329

Grad-Dreams - Study Abroad Expert

Study Computer Science In University Of Illinois, Chicago | #studyabroad #uic #chicago #studyinusa

⏲ 2 minutes 32 seconds 👁 506

Credit card data shows spending has remained relatively strong, but price sensitivity is rising, especially among lower-income consumers. Travel and experiences continue to see solid demand, but big-ticket home purchases have weakened amid economic uncertainty. Restaurant traffic has struggled as consumers dine out less frequently, citing affordability concerns. Discretionary purchases are under pressure as inflation squeezes budgets and consumers prioritize essentials over items like apparel.

Credit Card Data Reveals Strong Spending on Travel and Experiences, as Big-Ticket Home Purchases and Discretionary Spending Lag

⏲ 0:40 👁 685K

Yudi J

Is MS in Business Analytics or MS in Data Science really for you? Think again!

⏲ 9 minutes 36 seconds 👁 112.1K

Illinois Computer Science

Online Master of Computer Science (MCS) and MCS in Data Science Curriculum & Admissions Overview

⏲ 10 minutes 30 seconds 👁 12.6K

Biden touted the labor market strength as evidence of his success on the economic front. He said the response of the markets to Q1 GDP data was overwhelmingly positive.

Biden Says He's Already Turned Economy Around, Blames 'Corporate Greed' For Persistently High Inflation: \

⏲ 1:25 👁 300K

Grad-Dreams - Study Abroad Expert

University Of Illinois At Chicago (UIC): Top Program, Eligibility, Fees, & Scholarships #uic

⏲ 3 minutes 21 seconds 👁 16.4K

Converge Study Abroad

Computer Science Students from University of Illinois Chicago | UIC Career Fairs

⏲ 5 minutes 6 seconds 👁 411

Rae says the hotly debated topic boils down to statistics ... and the data is definitely in favor of bears here. When you consider there's more violence against women from men than bears ... it's pretty clear the humans are way more of a threat to females.

Bear Expert Says Viral Bear vs. Man TikTok Debate Is About Statistics

⏲ 1:9 👁 225K

Vanderbilt University

M.S. Program in Data Science

⏲ 1 minute 55 seconds 👁 3.7K

American University School of Public Affairs

MS in Data Science

⏲ 2 minutes 10 seconds 👁 310

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