Having a job that puts the employee and their benefits at the forefront of the company’s mind is usually rare. However, this is not at all the case for Starbucks, having made themselves known as a company that takes immensely good care of their employees. Available benefits include 401(k) plans, stock units, health care and now, the newest addition is offering workers full rides for college. The company began offering full tuition at Arizona State University’s online program that includes forty-nine degree programs to full time and part-time employees who do not have a bachelor’s degree.
Starbucks CEO, Howard Schultz, explained that both the economy and jobs will benefit from having workers with higher levels of education. The CEO explained, “By giving out partners access to four years of full tuition reimbursement, we will provide them a critical tool for lifelong opportunity.”
The benefits help both Starbucks and their employees; the employees get wonderful benefits, while Starbucks has workers who will commit to their jobs for at least a few years. Many companies incur high expenses due to their employees who only stay a short time at their businesses, allowing them to see quite a mass amount of turn over. Starbucks, however, has very loyal workers who remain for an average of three years whether it be because of the benefits they receive or maybe, they just genuinely love making coffee infused drinks. Either way, the relationship between company and employee portrayed by Starbucks is one many businesses should strive to become like.