News

Starbucks baristas can get (almost) free degrees

Starbucks baristas can get (almost) free degrees

DO YOU WANT A DEGREE WITH THAT LATTE?:Starbucks plans to partly pay for online degree programs. Photo: Associated Press

(Reuters) – Starbucks Corp said it plans to partly pay for an online bachelor’s degree program for its employees in the United States, hoping to retain its workforce and save on hiring and training costs.

The world’s largest coffee chain is teaming up with Arizona State University to subsidize education for its U.S. employees who work an average of 20 hours a week.

As of September 2013, Starbucks had 137,000 employees, about three-fourths of its global workforce, in the United States.

Employees enrolling in the program, called the Starbucks College Achievement Plan, can choose among 40 subjects ranging from retail management to electrical engineering and will be under no obligation to remain with the company after graduation.

Employees admitted to the university as a junior or senior will earn full tuition reimbursement for each semester of full-time course work, while freshmen and sophomores will be eligible for a partial tuition scholarship, the company said in a statement on Sunday.

Starbucks declined to estimate how much it expects to spend on the program. “We will know more of what the investment will be once partners (employees) sign up over the next year,” Starbucks spokeswoman Laurel Harper said in an email.

Starbucks’ investment in its employees’ education comes as it grapples with higher dairy costs. The company has locked in coffee prices for the rest of this fiscal year.

Harper declined to comment on employee retention rate in the company, citing competitive reasons, but said Starbucks has achieved retention rates “well above the industry average.”

(Reporting by Sampad Patnaik in Bangalore and Lisa Baertlein in Los Angeles; Editing by Gopakumar Warrier)

Recent Headlines

in Local

St. Clair County Sheriff Passes on U.S. House Bid

rick watson

Sheriff Rick Watson has declined a run for the house in the 12th Congressional District.

in Local

Judge Approves Place for Mel Reynolds to Stay While on Bond

FILE - In this Nov. 28, 2012 file photo, former Illinois Congressman Mel Reynolds announces that he's running for the 2nd District seat vacated by Jesse Jackson Jr., in Chicago. Reynolds has been indicted on federal tax evasion charges, the U.S. Attorney's Office in Chicago said in a statement Friday June 26, 2015. The indictment says the 63-year-old Chicago Democrat failed to file income tax returns for four consecutive years, between 2009 and 2012. Each count of failing to file carries a maximum one-year prison sentence. Reynolds resigned his Illinois congressional seat in 1995 after being convicted of statutory rape for having sex with an underage campaign worker. (AP Photo/M. Spencer Green, File)

Former U.S. Congressman claims race is a factor in the case.

in Local

Work on Illinois State Fair Venues Ramps Up

state fair logo

Governor says fair will go on in spite of budget impasse, but some vendors may be paid late.

in Local

Lincoln’s Relationship with Jewish People Theme of New ALPLM Exhibit

7-31-15 Lincoln Exhibit

A new exhibit at the Abraham Lincoln Presidential Library and Museum focuses on what was termed, at the time, another minority group.

in Local

William Kelly is Back — Bashing Sen. Mark Kirk

mark_kirk

Going beyond criticizing Kirk’s comments and policies, William Kelly talked about Kirk’s physical condition since he suffered a stroke in 2012.