Chipotle announced they would offer full tuition reimbursement for business or technical undergraduate degrees at 5 colleges for employees who are working at least 15 hours per week.
Interesting - but not to kids studying nutrition or food service - fields that directly relate to a restaurant.
Or hospitality, food science, or economics, to name a few more.
Just a guess, but I bet Chipolte has very few managers or executives with food service degrees (is that even a degree?), and likely employs just a few nutritional specialists. Lots of IT people to manage the online ordering and such though.
What are the 5 colleges? Are they online colleges that any employee in any state can access?
https://www.cnn.com/2019/10/15/business/chipotle-college-tuition-reimbursement/index.html
the University of Arizona, Bellevue University, Brandman University, Wilmington University and Southern New Hampshire University
My guess is online.
Hey, it’s a start and a very nice and generous gesture.
“You can qualify for up to $5,250 in annual tuition assistance from Chipotle. You can also receive up to $15,400 in college credit for on-the-job training. You can earn up to 38 college credits for your on-the-job training…”
College credit for OJT at the restaurant?
Or just in IT or business/marketing at corporate?
@lookingforward You appear to be quoting the OLD program. The new one doesn’t go into effect until November 15.
https://newsroom.chipotle.com/2019-10-15-Chipotle-Debuts-Debt-Free-Degrees-For-All-Employees This links to more info about the program, which is run through something called GUILD. https://www.guildeducation.com/our-academic-network/
Im wondering…
Did C negotiate a special online rate for their employees?
Since C is doing the unusual by paying upfront (rather than reimbursing after grades submitted), what will they do if an employee fails classes?
I understand that C’s decision to pay upfront is because it believes that too many employees can’t “front” the tuition, it’s still a big incentive for a student to perform well so as to get reimbursed.
Can’t imagine C letting it slide if they pay out $5k for tuition for a semester and the student doesn’t study and gets all F’s.
Since there are tax implications for employer and employee if company-provided tuition benefits exceed a rather modest amount each year (about $5300 for employee), I wonder how that’s being handled. I haven’t looked up the exact amounts but i think if an employee’s tuition benefit is more than about $5300 per calendar year, the employee is taxed on the difference.
Also, I believe there’s a limit as to how much a company can pay “per employee” and avoid tax implications. Vaguely remember the amount, per calendar year, to be around $6k? $8k? (My older son’s Fortune 500 employer will only reimburse up to $8k per calendar year).
What are your thoughts?
The various eligible majors include:
Communications
Marketing
Communications
Liberal Studies
Computer Science
Intelligence and Security
BBA
Project Mgmt
MIS
Applied Studies
Human Resources
Software Development
Hospitality management
Supply Chain Mgmt
Psychology
Child Psychology
Graphic Design
legal studies
Website development
And more…
im really about to get a job at chipotle now lol
Bump