News

Starbucks baristas can get (almost) free degrees

Starbucks baristas can get (almost) free degrees

DO YOU WANT A DEGREE WITH THAT LATTE?:Starbucks plans to partly pay for online degree programs. Photo: Associated Press

(Reuters) – Starbucks Corp said it plans to partly pay for an online bachelor’s degree program for its employees in the United States, hoping to retain its workforce and save on hiring and training costs.

The world’s largest coffee chain is teaming up with Arizona State University to subsidize education for its U.S. employees who work an average of 20 hours a week.

As of September 2013, Starbucks had 137,000 employees, about three-fourths of its global workforce, in the United States.

Employees enrolling in the program, called the Starbucks College Achievement Plan, can choose among 40 subjects ranging from retail management to electrical engineering and will be under no obligation to remain with the company after graduation.

Employees admitted to the university as a junior or senior will earn full tuition reimbursement for each semester of full-time course work, while freshmen and sophomores will be eligible for a partial tuition scholarship, the company said in a statement on Sunday.

Starbucks declined to estimate how much it expects to spend on the program. “We will know more of what the investment will be once partners (employees) sign up over the next year,” Starbucks spokeswoman Laurel Harper said in an email.

Starbucks’ investment in its employees’ education comes as it grapples with higher dairy costs. The company has locked in coffee prices for the rest of this fiscal year.

Harper declined to comment on employee retention rate in the company, citing competitive reasons, but said Starbucks has achieved retention rates “well above the industry average.”

(Reporting by Sampad Patnaik in Bangalore and Lisa Baertlein in Los Angeles; Editing by Gopakumar Warrier)

Recent Headlines

in Sports

NFL seeks to dismiss ex-players’ painkillers suit

Fresh
nfl

The lawsuit, filed by former players, alleges teams gave them powerful painkillers to keep them on the playing field.

in Sports

Thursday’s Sports Minute

Fresh
giants

Here is a look at some of the biggest headlines in sports today, Thursday, Oct. 30.

in Sports

London eyes NFL team

Fresh
NFL

An NFL franchise in London could generate more than $250 million a year for Britain, according to a new study.

in Sports

NBA’s Taylor pleads guilty in domestic assault

Fresh
jefferytaylor

Charlotte Hornets forward Jeffery Taylor pleaded guilty to misdemeanor domestic assault.

in National

Americans may still see some Ebola cases

Fresh
obama

Americans could continue to see cases of Ebola in the U.S. until the outbreak in West Africa is contained.