Wal-Mart Gets Creative on Employee Retention
(Ad Age) — In a new addition to its benefits package, retail giant Wal-Mart is offering its U.S. employees a way to obtain discounted college degrees through an online university, The New York Times’ Stephanie Clifford and Stephanie Rosenbloom report. Executives from Wal-Mart told the Times that the point of the program was to help employees become more educated, which would therefore improve the quality of its workforce. But the effort could help the company with a problem that has plagued it over the years: high employee turnover. (The company notes in an SEC filing: “Similar to other retailers, the company has a large number of part-time, hourly or non-exempt employees and experiences significant turnover in employees each year.”)
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