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Old 06-17-2014, 07:03 PM
 
Location: Maui County, HI
4,131 posts, read 6,310,267 times
Reputation: 3364

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Quote:
Originally Posted by Wartrace View Post
Wow. The company says "most of the 135,000 U.S. workers are eligible". (135,000 X 30,0000)/2 = 2.025 billion dollars if every worker took advantage of it. Let's say only 10% do so it would cost the company a little over 200 million a year. The problem is Starbucks income is only 153.50M per year. The financials suck. How can they afford to do this and stay in business?
Because only a few employees will do it probably. They'd have to get in to the university first right?
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Old 06-17-2014, 07:26 PM
 
Location: California
30,702 posts, read 33,496,337 times
Reputation: 26130
Quote:
Originally Posted by thinkalot View Post
Many companies have tuition reimbursement. Nothing new here except maybe the fact that you are limited to online courses at ASU.
You're remembering the 1980's. Most companies today do not do this, especially for the part time workers that make up the majority of the workforce. Even back in the good old days a class usually had to be related to your current job to be eligible for some sort of reimbursement. Only high ranking folk could take advantage of things like an MBA program.

It's a pretty good thing Starbucks is doing and I hope more companies do the same. Even if 2-3% of the people ever take advantage of it.
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Old 06-17-2014, 07:47 PM
 
24,503 posts, read 35,460,664 times
Reputation: 12835
Quote:
Originally Posted by winkosmosis View Post
Because only a few employees will do it probably. They'd have to get in to the university first right?
It's ASU. Not all that hard to get into. They only reject a little over 10% of applicants.
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Old 06-17-2014, 08:03 PM
 
Location: California
30,702 posts, read 33,496,337 times
Reputation: 26130
Most won't take advantage of it because they've gone to or are going to college already. Even when companies used to be generous with this not too many people took advantage because they didn't want to put the energy and work into going to school. It was usually reimbursement, meaning you paid and got money back IF you passed the classes. Don't get me wrong, it's a good deal for the right people but it's not going to cost Starbucks enough money to have to raise price by even a penny. It will come out of profit, and won't hurt a bit.
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Old 06-17-2014, 08:07 PM
 
11,145 posts, read 8,555,795 times
Reputation: 28147
Quote:
Originally Posted by AksarbeN View Post
I'm impressed! Now that's the type of leadership we need with more of these corporations to help grow the education of the companies and the countries employees. Others need to follow this example.
Many companies have tuition reimbursement. Most employees don't use it.
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Old 06-17-2014, 09:25 PM
 
Location: USA
3,966 posts, read 9,419,878 times
Reputation: 2199
Quote:
The benefit is through a partnership with Arizona State University's online studies program. Employees can choose any of more than 40 undergraduate degrees, and aren't limited to only business classes.
I am interested to know what the 40 undergraduate degrees are. I have been eyeing the software engineering degree at polytech for a while. Looks like Starbucks will be getting an application from me soon.
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Old 06-17-2014, 09:33 PM
 
24,503 posts, read 35,460,664 times
Reputation: 12835
Quote:
Originally Posted by shiphead View Post
I am interested to know what the 40 undergraduate degrees are. I have been eyeing the software engineering degree at polytech for a while. Looks like Starbucks will be getting an application from me soon.
Software engineering as an undergraduate degree?
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Old 06-17-2014, 10:46 PM
 
Location: Looking over your shoulder
30,348 posts, read 27,813,397 times
Reputation: 81368
If nothing else Starbucks got a lot of free advertising out of this news story!
It's good for the company and good for the employee! win win
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Old 06-17-2014, 11:11 PM
 
9,012 posts, read 8,320,762 times
Reputation: 14429
^^^^ Yep, definitely a win win situation
I never used to like Starbuck's....but it's seriously growing on me
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Old 06-18-2014, 07:02 AM
 
Location: USA
6,226 posts, read 5,366,624 times
Reputation: 10643
Most companies that to do this typically have a stipulation that requires them to work for them (in this case Starbucks) for a certain amount of time. Still better than nothing I suppose.
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