Walmart is making a huge investment in its employees amid one of the worst labor shortages in years.
The nation’s largest private employer is committing to invest nearly $1 billion during the next five years in career-driven training and development. Walmart said it will pay 100% of college tuition and books for employees through its Live Better U (LBU) education program. Walmart has been steadily expanding to the program, which launched in 2018.
Starting Aug. 16, the program’s $1 a day fee will be removed for employees, making all education programs paid for by Walmart. This means approximately 1.5 million part-time and full-time U.S. Walmart and Sam’s Club associates can earn college degrees or learn trade skills without the burden of education debt, the company said.Chain Storeage