Starbucks becomes the first American company to pay for employees secondary education

heckler73 said:

Try reading the paper more carefully. There are a lot of caveats attached to that conclusion you are touting. For example, what do you think qualifies as "reimbursement of tuition" exactly?
Furthermore, if you look at the DATES for the information pool that went into it, you might as well cite "whale oil usage" statistics from the late 1800s.
We are not in the environment which that paper discusses.
As such, your claim is nebulously founded. However, it does have some interesting "wonk" in it. So it's not completely useless.

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What conclusion? That other companies besides Starbucks help pay for post-secondary education? That's not conclusion that fact can you differentiate the two? Are you listening to your retarded argument or fading in and out? (honest question) You wanted evidence that other companies do and you got it now you want to cry about it? Sure the articles old but it doesn't make it whale oil. Are you saying there's not caveats to Startbucks online program???





For the derpster in you.... and a included bonus they can be used a respected college not the university of Phoenix.

Apple offers tuition reimbursement up to $5,000.

AT&T provides up to $5,250 in annual tuition aid for full-time employees. They can be reimbursed up to $20,000 for courses leading to an undergraduate degree and $25,000 for courses leading to a graduate degree.

Bank of America reimburses employees up to $5,250 for job-related courses or to fulfill a job-related degree program.

Boeing provides educational assistance for up to $3,000.

Best Buy provides up to $3,500 a year for undergraduate studies and $5,250 for graduate-level coursework through its Tuition Assistance Program.

Chevron offers tuition reimbursement for up to 75% of employees' educational pursuits.

Disney has a tuition assistance program that provides employees up to $700 per credit unit, 100% reimbursement for their books, and up to $100 per course for the cost of materials.

Ford has an Education Tuition Assistance Plan that provides tuition up to $5,000 per year for courses leading to an associate's degree, bachelor's degree, master's degree, or Ph.D.

Gap provides up to $5,000 annually through its Tuition Reimbursement Program when employees take courses relevant to their current job or immediate career growth.

Home Depot will cover up to $5,000 for all salaried associates and $3,000 for full-time hourly associates who have been working at the company for at least a year to take courses related to their business.

Intel covers 100% of reimbursable costs, including tuition and textbooks. It also has an internal training organization called Intel University that provides more than 7,000 courses.

Procter & Gamble will reimburse 80% of educational fees with a lifetime cap of $40,000.

UPS offers tuition assistance to both full- and part-time employees. Since the program began in 1999, it has invested $187 million in tuition assistance for approximately 113,000 college students.

Verizon Wireless has a tuition assistance program, LearningLink, which offers up to $8,000 a year for full-time employees and $4,000 for part-time.

Wells Fargo provides up to $5,000 a year for eligible tuition expenses.

heckler73 said:

Try reading the paper more carefully. There are a lot of caveats attached to that conclusion you are touting. For example, what do you think qualifies as "reimbursement of tuition" exactly?
Furthermore, if you look at the DATES for the information pool that went into it, you might as well cite "whale oil usage" statistics from the late 1800s.
We are not in the environment which that paper discusses.
As such, your claim is nebulously founded. However, it does have some interesting "wonk" in it. So it's not completely useless.

Click to expand...

The basic point for anyone that wants to even attempt a bit of research is that many if not quite a bit more than half the employers out there will offer some sort of education assistance. It benefits the employer.

NLXSK1 said:

The basic point for anyone that wants to even attempt a bit of research is that many if not quite a bit more than half the employers out there will offer some sort of education assistance. It benefits the employer.

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And that is one point discussed in that old paper Nontheist alluded to. At the time of writing (I assume little, if anything, has changed) there were several tax incentives for employers to do so. I've never worked for an employer who openly would encourage--never mind pay--for someone to increase the value of their human capital, only to get snatched up by a competitor. And that's precluding the fact the employee will likely work less, too, so as to go to school.

The only place where I witnessed such encouragement was when I worked with a Union. They pushed people to better their craft, but again, it was the tax incentive which encouraged it, mainly.
Of course, there is a direct ROI to the employer via productivity gains, if realized. That cannot be necessarily said with an open-ended BA, or what have you.

Hence the conditions like "ASU only", etc.

nontheist said:

For the derpster in you.... and a included bonus they can be used a respected college not the university of Phoenix.
Apple offers tuition reimbursement up to $5,000.

AT&T provides up to $5,250 in annual tuition aid for full-time employees. They can be reimbursed up to $20,000 for courses leading to an undergraduate degree and $25,000 for courses leading to a graduate degree.

Bank of America reimburses employees up to $5,250 for job-related courses or to fulfill a job-related degree program.

Boeing provides educational assistance for up to $3,000.

Best Buy provides up to $3,500 a year for undergraduate studies and $5,250 for graduate-level coursework through its Tuition Assistance Program.

Chevron offers tuition reimbursement for up to 75% of employees' educational pursuits.

Disney has a tuition assistance program that provides employees up to $700 per credit unit, 100% reimbursement for their books, and up to $100 per course for the cost of materials.

Ford has an Education Tuition Assistance Plan that provides tuition up to $5,000 per year for courses leading to an associate's degree, bachelor's degree, master's degree, or Ph.D.

Gap provides up to $5,000 annually through its Tuition Reimbursement Program when employees take courses relevant to their current job or immediate career growth.

Home Depot will cover up to $5,000 for all salaried associates and $3,000 for full-time hourly associates who have been working at the company for at least a year to take courses related to their business.

Intel covers 100% of reimbursable costs, including tuition and textbooks. It also has an internal training organization called Intel University that provides more than 7,000 courses.

Procter & Gamble will reimburse 80% of educational fees with a lifetime cap of $40,000.

UPS offers tuition assistance to both full- and part-time employees. Since the program began in 1999, it has invested $187 million in tuition assistance for approximately 113,000 college students.

Verizon Wireless has a tuition assistance program, LearningLink, which offers up to $8,000 a year for full-time employees and $4,000 for part-time.

Wells Fargo provides up to $5,000 a year for eligible tuition expenses.

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Shi Wu ! Fei chang hao!
Bravo... only 0.88*5,930,132 - 15 = 5,218,501 firms to go!

Assuming you believe that 88% figure...or maybe you've changed your mind?
Perhaps 50.000000000000000000000000000000000000000000000000000000000001 %
Do you even know how large the standard deviation is on those numbers?
I'll save you the effort of looking it up by using a picture instead:

heckler73 said:

And that is one point discussed in that old paper Nontheist alluded to. At the time of writing (I assume little, if anything, has changed) there were several tax incentives for employers to do so. I've never worked for an employer who openly would encourage--never mind pay--for someone to increase the value of their human capital, only to get snatched up by a competitor. And that's precluding the fact the employee will likely work less, too, so as to go to school.

The only place where I witnessed such encouragement was when I worked with a Union. They pushed people to better their craft, but again, it was the tax incentive which encouraged it, mainly.
Of course, there is a direct ROI to the employer via productivity gains, if realized. That cannot be necessarily said with an open-ended BA, or what have you.

Hence the conditions like "ASU only", etc.


Shi Wu ! Fei chang hao!
Bravo... only 0.88*5,930,132 - 15 = 5,218,501 firms to go!

Assuming you believe that 88% figure...or maybe you've changed your mind?
Perhaps 50.000000000000000000000000000000000000000000000000000000000001 %
Do you even know how large the standard deviation is on those numbers?
I'll save you the effort of looking it up by using a picture instead:

View attachment 3182910

Click to expand...

All employers bad unions good! Employers don't want you to increase human capital, its all for tax write off blah blah. You should have quit while you were ahead. We can see that red star through your rambling.

nontheist said:

All employers bad unions good! Employers don't want you to increase human capital, its all for tax write off blah blah. You should have quit while you were ahead. We can see that red star through your rambling.

Click to expand...

Is it a Red Dwarf?

I can't let you out...because the King of the Potato people won't let me.

heckler73 said:

Is it a Red Dwarf?

Click to expand...

heckler73 said:

"there were several tax incentives for employers to do so."

"I've never worked for an employer who openly would encourage--never mind pay--for someone to increase the value of their human capital{"

The only place where I witnessed such encouragement was when I worked with a Union.

Click to expand...

So, let me get this right, Starbucks isn't even sort of close to being the first company to pay for college? Amiright?

So this whole thread = fail?

NoDrama said:

So, let me get this right, Starbucks isn't even sort of close to being the first company to pay for college? Amiright?

So this whole thread = fail?

Click to expand...

Yah, you're kinda right there. But it can be salvaged with a some subtle misdirection...
Look over there!!!

Cap'n Pad, aboard the SS Karl Marx reports problems with steering, and states vessel is taking on water.......................

I think baristas should get shiatsus and free oral sex too. anything to keep us from addressing where all the real jobs went. they don't need baristas in the PRC; they need welders, assembly techs, machinists.........

The best way to become wealthy is to MAKE things, and sell them to others.
NAFTA and making China #1 trading partner were bad ideas. Oh sure, they made the big corporations fabulously wealthy and powerful, but it hollowed out our economy and gave a decisive edge to a communist country. Use to be that the USA was so anti commie that even hinting at socialism's merits could have severe repercussions. Were we all duped? Again? Sure we were, but then again we are so apathetic in general that I doubt this country would fight back much against anything short of door to door executions.

People hail Clinton as a great president.

Padawanbater2 said:

Fantastic interview from Howard Schultz on the Daily Show tonight and great idea from Starbucks

I'll post the interview tomorrow when it gets posted

"Starbucks will provide a free online college education to thousands of its workers, without requiring that they remain with the company, through an unusual arrangement with Arizona State University, the company and the university will announce on Monday."

http://www.nytimes.com/2014/06/16/us/starbucks-to-provide-free-college-education-to-thousands-of-workers.html?_r=0

"Starbucks workers who work at least 20 hours a week and enroll in Arizona State University’s online bachelor’s degree will get $6,500, about half of their tuition, for the first two years and full tuition for the final two, the company said in an e-mailed statement."

http://www.businessweek.com/news/2014-06-16/starbucks-to-pay-part-of-college-tab-for-u-dot-s-dot-workers

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Why are you saying it is the first time? That's a lie.

And the remainder of your tuition will be loaned to you by a bank or put on credit. Your hours will likely decrease so as not to receive full time benefits and it is good press.

Well that is different. Seriously. I dvr that show, and I saw that. And I said. WTF???

burgertime2010 said:

And the remainder of your tuition will be loaned to you by a bank or put on credit. Your hours will likely decrease so as not to receive full time benefits and it is good press.

Click to expand...

When I went to university you could just work part time and pay for your education easily. Tuition for an entire year was only $1,800 back then. not that long ago really, the 80's
Now a shitty school will cost you 10 times that. A good school will cost 50 times that.

From what I understand Starbucks isn't actually paying for the tuition, they have contracted with ASU to give Starbucks workers a reduced rate, the actual money will come from you and I under the Federal Pell grant program. Since baristas don't make much money, most of them will qualify for this federal aid. The scholarship is actually paid for by ASU, and once a student has successfully completed 21 credits Starbucks will then start paying for some things out of its own pocket.

Currently Starbucks pays up to $1,000 a year to attend 2 Seattle based colleges. This new program might save them money over the long run.

http://www.huffingtonpost.com/2014/06/19/starbucks-asu-scholarships-spending_n_5512376.html?utm_hp_ref=business&ir=Business

http://www.dailyfinance.com/2014/06/19/starbucks-education-not-as-advertised/

http://www.theepochtimes.com/n3/747869-starbucks-contribution-to-scholarship-overstated/

Starbucks degree program not as simple as it seems
Starbucks contribution to online degree program more complicated than it may seem

NEW YORK (AP) -- The scholarship portion of a new education program Starbucks is offering to help workers pay for an online degree consists of a discount from Arizona State University, not money from the chain.


The Seattle-based company this week unveiled a benefit that is designed to let college juniors and seniors complete their degrees at Arizona State, with all of the costs covered. For the freshman and sophomores years, workers would pay a reduced tuition.

A major aspect of the program is an upfront scholarship that Starbucks said is an investment between itself and Arizona State. When asked how much of that scholarship portion the company is providing, Starbucks initially said financial terms weren't being disclosed.

Following the announcement, however, Arizona State University President Michael Crow told The Chronicle of Higher Education that Starbucks is not contributing any money toward the scholarship portion. Instead, Arizona State will essentially charge workers less than the sticker price for online tuition.

Starbucks confirmed Thursday that the scholarship is a reduced tuition rate from Arizona State. It estimates the reduction in tuition would average about $6,500 over two years for total tuition of $30,000 for the freshman and sophomore years. For the junior and senior years, Starbucks said the discount provided by Arizona State would amount to about $12,600 of the $30,000 total.

To cover the remainder in the freshman and sophomore years, workers would apply for financial aid, such as Pell grants, and pay for the rest either out of pocket or by taking out loans. Starbucks would bear no costs in those years.

For the junior and senior years, Starbucks would reimburse workers for whatever tuition they had to cover either upfront or through loans, once they complete 21 credits.

Matt Ryan, chief strategy officer for Starbucks, said Thursday that for a worker's junior and senior years, the company could potentially cover up to 58 percent of the tuition, in cases where workers didn't qualify for grants.

If workers did qualify for grants, he said Starbucks could be responsible for very little, if anything. He noted that workers financial situations can vary greatly.

Laurel Harper, a Starbucks spokeswoman, said previously that the company's analysis with ASU found most of its workers would qualify for federal Pell grants.

A representative for Arizona State deferred questions about the program to Starbucks.

The program, which has been widely praised because education benefits are rare for low-wage workers, brought attention to the struggles people face in paying for college. It is unusual because workers can pick from 40 different degree programs and aren't required to stay with Starbucks after they complete their degrees.

It's not clear how much the program will end up costing Starbucks. But Ryan said the company expects that it will "for sure" be a much bigger investment than its current tuition reimbursement program, which will be phased out by 2015.

That program offers up to $1,000 a year to take classes at City University of Seattle or Strayer University, with no limit on the number of years they can apply. Since it was rolled out in October 2011, Starbucks said the program has cost it $6.5 million.

Mark Kantrowitz, publisher of EdVisors.com, a website about paying for college, said the program could benefit all parties involved.

Workers could get a chance at a degree from Arizona State University at a reduced rate. Arizona State could get a revenue boost from federal aid and out-of-pocket costs workers and Starbucks later pays. And Starbucks could attract a better pool of workers and burnish its corporate image.

Starbucks said its workers are "embracing this benefit with overwhelming excitement; ASU has seen an enormous uptick in interest."

In the last 8 years Starbucks has dropped their employees hours so they don't have to pay for healthcare or even the school expenses. They like to keep their employees at 17-19 hours a week so that the employees stay far away from full time. And when they work you full time they will only do it in emergencies which will come out of your next week. I made it to management there and realized how fuckin manipulative the company had become. A job requirement to work there is you now have to have sales experience. They want you to sell all their shitty new products that are pretty damn terrible. Starbucks VIA anyone lolol... I sold the most in the region and then felt like a total asshole because most of the people who bought it used it once and forgot about it.