Lowe’s is seeking to remain a trailblazer in employee retention. Imagine a world where employers equipped their teams with the resources needed to eliminate debt! Lowe’s just might have laid the foundation for a model that others may want to adapt when it comes to keeping the people that keep the ship running happy!
According to PR Newswire the retailer has announced a new education program that allows its associates to grow and develop in their careers. Not only will employees gain access to 100 percent debt-free programs, but they will also have the chance to unveil new opportunities to pursue not only their career aspirations, but educational dreams too.
“At Lowe’s, we believe greater access to education leads to more opportunities, and our success is intertwined with our associates’ success and their ability to continuously learn,” said Janice Dupré, Lowe’s executive vice president of human resources. “We actively listen to our associates to identify how we can help them in the many facets of their lives. This debt-free education offering is one of the many ways we’re working to help our associates reach their career potential while knocking down traditional barriers that often make it difficult for them to obtain a degree.”
Lowe’s will partner with Guild to provide more than 50 academic programs at 23 universities in the Guild Learning Marketplace which also include Historically Black Colleges and Universities (HBCUs) as well as Hispanic-Serving Institutions (HSIs).
The programs will be completely free of charge and were carefully curated to help employees reach new heights in their current positions while also looking ahead to the next level within the company.
“With the persistent war for talent, it’s more critical than ever to invest in employees,” said Rachel Carlson, Guild’s CEO and co-founder. “By offering debt-free education and upskilling, Lowe’s is expanding their long-term strategic commitment to providing career pathways, skills and support that every worker needs to open doors to their dreams.”
But Wait, There's More
Currently, the home improvement retailer has a tuition reimbursement program that has been in palace for several years providing its associates with up to $2,500 in education expenses annually. This will continue as well as the company’s Track to the Trades – a company sponsored pre-apprentice certificate program that helps 4,000 part-time and full-time employees find careers in skilled trades every year.