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As corporate America evolves to meet the changing needs of the modern workforce, employee education benefits have emerged as a critical element in attracting and retaining top talent. Alongside traditional benefits such as health care and retirement plans, education benefits are increasingly recognized as essential for addressing the priorities of both candidates and current employees. One reason for this is simple - college can be expensive. According to a recent study although 75% of Americans recognize the value of obtaining a bachelor's degree, over half (56%) of individuals who have never enrolled or were previously enrolled cite cost as a significant deterrent to pursuing or reenrolling in postsecondary education. The goal of corporate education benefits is to provide employees with various avenues for professional growth and development while alleviating the financial burden associated with higher education. For employers, offering education benefits also has its benefits, as companies that offer education programs to their employees also stand to gain on several fronts: Retention and Talent Advancement: Investing in employee education fosters loyalty, engagement and encourages career advancement, leading to higher education rates. Reduced Acquisition Costs: By nurturing existing talent, businesses can reduce the need for frequent recruitment and onboarding, thereby cutting down on acquisition costs. Attraction of Top Talent: Competitive education benefits can serve as a powerful recruitment tool, attracting high-caliber candidates who prioritize continuous learning and personal development. A Leading Example: Starbucks College Achievement Plan (SCAP). Starbucks was among the first to offer tuition assistance in 2014 with the Starbucks College Achievement Plan (SCAP), a first of its kind partnership with Arizona State University (ASU). This program creates an opportunity for all eligible U.S. partners (employees) to earn their first-time bachelor's degree through ASU's top-ranked online degree program. Ten years later, Starbucks has celebrated its largest class of SCAP graduates, marking a decade of transformative impact through a pioneering tuition assistance initiative. How does it work? Upfront tuition coverage for online degrees with no strings attached: Unlike many programs that cap tuition benefits, SCAP offers full tuition coverage, all upfront. And there is no commitment to stay with the company after graduation. High-quality education: Partners enrolled in SCAP benefit from ASU's top-ranked online degree program with over 150 undergraduate degree programs to choose from ensuring access to the same caliber of education as on-campus students. Pathway to Admission: Starbucks and ASU provide an admissions pathway for partners who do not initially qualify for enrollment. Through Pathway to Admission, eligible partners can take up to 10 college-level courses to earn their admission into the university, with credit conversion costs fully covered. To date, the SCAP program has helped more than 13,000 partners earn their degree. And, according to data from The Burning Glass Institute, approximately 75% of SCAP participants have experienced significant career growth post-graduation. But to Starbucks, SCAP represents just one facet of the diverse landscape of education benefits available to employees. In 2022, the company also rolled out a student loan management tool as part of a financial well-being push. Through Tuition.io, employees have access to tools, resources and individual coaching to manage student loan debt, such as repayment options and loan refinancing. Success stories like Starbucks and others serve as compelling evidence of the tangible benefits of investing in employee education. Beyond immediate career advancement, these initiatives lay the groundwork for sustained growth, both for individuals and the companies that support them. For more information on the Starbucks SCAP program, go to https://www.starbucks.com/careers/working-at-starbucks/education/.
⏲ 0:30 👁 985K
SJ Innovation LLC
⏲ 24 seconds 👁 34
SJ Innovation LLC
⏲ 32 seconds 👁 55
Novavax has signed a multi-billion dollar deal with French drugmaker Sanofi to co-commercialize Novavax's protein-based COVID-19 vaccine starting in 2025. Sanofi will pay Novavax an upfront payment of $500 million and up to $700 million in additional payments based on development, regulatory, and launch milestones. Sanofi will also take a less than 5% equity stake in Novavax and provide royalty payments on future vaccine sales. The deal allows Sanofi to develop combination shots using Novavax's COVID vaccine with Sanofi's flu shot or other vaccines in its portfolio.
⏲ 0:45 👁 480K
Jim Tay
⏲ 1 minute 27 seconds 👁 26
SJ Innovation LLC
⏲ 5 minutes 46 seconds 👁 8
Hundreds of residents are lobbying against a housing proposal they say could threaten a koala habitat west of Brisbane. The Spring-View development has been approved by Ipswich council and would see nearly two-thousand homes constructed.
⏲ 1:51 👁 1.4M
SJ Innovation LLC
⏲ 44 seconds 👁 7
In a dramatic escalation of tensions, Hezbollah militants target Israeli military installations, including the Iron Dome, in response to ongoing aggression against Gaza. Join us for an in-depth analysis of the latest developments in the volatile Middle East. <br/> <br/>#Hezbollah #HezbollahStrikes #HezbollahAirStrike #IsraeliIronDome #IsraelIronDome #HezbollahvsIsrael #IsraelHamasWar #IsraelIranWar #Oneindia<br/>~PR.274~HT.318~ED.194~GR.123~
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A retired High Court Judge will chair a team to investigate what happened with revenue for financial year 2023 being understated.<br/><br/>It's the latest development in the impasse involving the Ministry of Finance and the Auditor General.
⏲ 1:41 👁 515K
Brian Manson has become the very first white Nana (Chief) in the history of Bamiri in Ghana – but says he’s still “the same old Brian”.<br/>Brian has been ‘enstooled’ as Nana Brian David Manson 1st, Development Chief for Bamiri and as his wife Abigail is a princess of the Kokroko Tuntu Royal Family, he now is too by marriage, as Abigail has also been appointed as Queen Mother.<br/>Bamiri is a township community of 30,000 residents and forms part of Techiman Municipality, a major township in the Bono East (formerly Brong Ahafo) region of Ghana which has a population of 250,000 inhabitants and boasts West Africa’s largest trading market.<br/>Here are the celebrations as Brian was enstooled as Nana at the Bamiri Chief’s Palace.
⏲ 1:40 👁 180K
Named after the famous engineer James Brindley - Brindleyplace nowadays is arguably amongst the most attractive parts of Birmingham. The canalside development has a rich history. I'm here today to speak to people about what they think of the aesthetic gem in Birmingham.
⏲ 2:0 👁 505K
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