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)

Recently Played

Latest Headlines

in Music

Madonna regrets kissing Drake

Fresh
Madonna arrives at the 57th annual Grammy Awards at the Staples Center on Sunday, Feb. 8, 2015, in Los Angeles.

Madonna insists that Drake begged her to make out with him onstage during Coachella.

in Music

Miley Cyrus to release album with The Flaming Lips

Miley Cyrus arrives at the 57th annual Grammy Awards at the Staples Center on Sunday, Feb. 8, 2015, in Los Angeles.

Wyane Coyne reveals that The Flaming Lips have recorded a seven-song album with Miley Cyrus and are preparing to unleash it later this year.

in Entertainment

Annie Leibovitz snaps ‘Star Wars’ cast

Star Wars Force Awakens

See the new photos of the upcoming "Star Wars" film, shot by celebrity photographer Annie Leibovitz.

in Viral Videos

Councilman forgets to turn off his mic in the bathroom

25-overlay1

The city's Mayor Pro Tem tries to keep it professional, but her fellow council member's trip to the bathroom is just too distracting.

in Entertainment, Lifestyle, World

Britain’s newborn princess has been named

Britain's Prince William, right, and Kate, Duchess of Cambridge, pose for the media with their newborn daughter outside St. Mary's Hospital's exclusive Lindo Wing, London, Saturday, May 2, 2015. The Duchess gave birth to the Princess on Saturday morning.

Britain's newborn princess has been named Charlotte Elizabeth Diana.