Citigroup will make it easy for its employees to get a college degree by funding the programme fully. Yes, Citi is offering free college programmes to its employees, so that employees keen to obtain a formal degree are not deprived of the same due to financial constraints. In providing assistance to employees in obtaining college degrees, Citi will also end up gaining a competitive edge.
Citi will offer these fully-funded programmes in collaboration with partner schools such as Walden University, University of Maryland Global Campus, and Western Governor’s University. It will also offer tuition assistance to employees so that they are able to complete their bachelor’s and master’s programmes and even other certificate programmes.
This initiative will benefit about 38,000 Citi consumer-banking staff.
Citi is not the only organisation to help its employees educate themselves further without any financial constraints.
McDonald’s offers a programme aptly called ‘Archways to Opportunity’ which helps its workers obtain degrees and certifications in the areas they need.
The programme helps the workers at Mcdonald’s outlets address the skill gap. They can easily learn English language via the ‘English Under the Arches’ programme, or obtain a high school diploma, leveraging the Company’s tie-up with Career Online High School or even obtain a college degree by availing tuition assistance and access to academic and career counselling services.
Quite recently, Amazon increased the investment in its education and training initiative for its US employees to about $1.2 billion by 2025. The Company’s ‘Career Choice’ programme allows its employees to enrol for college degrees or obtain high school diplomas and even English as a Second Language (ESL) proficiency certifications, while Amazon covers the expenses incurred.