Re:Walmart will begin offering to subsidize college tuition ...
by tracker1 on Thursday May 31, 2018 @04:21AM
(#17194813)
You overestimate the number of people willing and able to use this program compared to the paths to promotion. A lot of people will not take advantage, and will not complete their program. Most private colleges have their pricing structure set so that most people run out of various funding programs before they even graduate (generally at 2.5-3 years in).
So, if 10% of employees start, less than 1% will finish. I think there's probably more than enough room for 1% of their employees to move up. Also, great PR form.
You would think it a silly idea: educating people into certifications that overqualify them and likely lead to their exit to greener pastures. There is the other end of the pipe to consider: students leaving high school would see Walmart employment as a way to afford their education - providing an everlasting stream of new employees. In addition, Walmart relies on successful innovators to stock their shelves with compelling products. This is selfish positive sum reasoning[1], where doing good ironically results in more for you.
That's my best guess, at least.
[1]: https://youtu.be/rvskMHn0sqQ