Walmart sees the future: Educating its workforce in Supply Chain Management and business.
Last week in its yearly shareholder meeting, Walmart announced several important initiatives that will impact its 1.4 million workers.
Walmart will subsidize college tuition so its employees can earn college degrees in supply chain management and business. These are core assets and differentiators to Walmart and now to more companies.
Educational package
The package looks something like this:
College degrees will be offered by: University of Florida, University of Irvine, and Bellevue University in supply chain management and business. Most class are online.
Employees can sign up after 90 days working for Walmart. The employee pays $1/day in tuition costs. Walmart subsidizes the rest. The employee has no obligation to stay on.
What’s In It for the Walmart Employee?
For $1/day, Walmart employees can get a marketable and high demand degree in supply management.
With the degree, Walmart employees can improve their marketability and income potential, especially in a killer hot field like supply management, that is core to most of the biggest employers, including Walmart, Amazon, and any large retailer.
Walmart also increased hourly wages from $9 to $11/hour. With a supply management degree, these employees will be able triple their salaries straight out of school and over time increase even more. This is a great way for folks to enter the middle class and succeed.
What’s In It for Walmart?
Walmart is North America’s largest private employer. Walmart is setting a great example for its brand equity with its employees, shareholders, supply chain partners, and extended community.
Walmart has a great story to tell regarding employee retention and attracting new retail employees. If you work hard, get a supply management degree, you will be come salaried at 3x what you’re currently making.
The Work Future
Retail is notoriously low paid. As a result, retail also has a hard time retaining employees and has a high turnover.
From the employee’s It’s difficult to make a living wage in retail. However, retail may be an investment for a future in supply management or business.
Bio:
Greg Hutchins PE and CERM (503.233.101 & GregH@QualityPlusEngineering.com) is the founder of:
CERMAcademy.com
800Compete.com
QualityPlusEngineering.com
WorkingIt.com
He is the evangelist behind Future of Quality: Risk®. He is currently working on the Future of Work and machine learning projects.
He is a frequent speaker and expert on Supply Chain Risk Management and cyber security. His current books available on all platform are shown below:
