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Most organizations that offer educational benefits require employees to pay upfront for courses, followed by some percentage of reimbursement. This limits who can afford to further their education: typically, those with robust savings and prior degrees are the ones who take advantage of the benefit. Recent analysis and data from Walmart and other organizations that employ frontline workers suggests there’s a better, more equitable way: offering educational benefits at no cost. The employees who take advantage of this offering are more likely to see salary increases and promotions, and employers benefit from attracting talent and retaining more-loyal workers. |
