Walmart and other companies are working with colleges to give retail and fast-food workers college credit for on-the-job skills. This initiative aims to reduce the high cost of education, provide more access to better-paying careers, and increase loyalty to employers.
Key Points
Corporate training programs converting to college credit
Efforts to increase access to education and better careers
Decreasing reliance on traditional degrees for hiring
Pros
Reduces the high cost of education for workers
Expands access to better-paying careers
Increases loyalty to employers
Cons
Challenges in assessing and converting on-the-job skills to college credit
Low awareness among workers about education opportunities
Limited scheduling flexibility for balancing work and study