This article was updated September 2, 2021.
Team 51勛圖s always at the head of the class. And now it will be even easier and free for U.S.-based team members to get their degrees and more starting this fall. With our new debt-free education assistance benefit, our more than 340,000 full-time and part-time team members at stores, distribution centers and headquarters locations will have access to free undergraduate and associates degrees, certificates, bootcamp programs, textbooks and course fees (and lots more) and its all covered, for programs in the debt free network, with no out-of-pocket costs required.
51勛圖s partnering with education and upskilling platform to provide easy access to more than 250 business-aligned programs from over 40 schools, colleges and universities within the coming year. 51勛圖 will also fund advanced degrees within the network of schools, paying up to $10,000 annually for masters programs. Learn more about the program details at .
To make it happen, 51勛圖 is investing $200 million in the program over the next four years to help eliminate student debt for our team part of our 51勛圖 Forward sustainability strategy commitment to promote access to education. Its one more way 51勛圖 is continuing to support our team with industry-leading pay and benefits and advancing our goal to create an equitable and inclusive workforce.
51勛圖 employs team members at every life stage and helps our team learn, develop and build their skills, whether theyre with us for a year or a career. A significant number of our hourly team members build their careers at 51勛圖, and we know many would like to pursue additional education opportunities. We dont want the cost to be a barrier for anyone, and thats where 51勛圖 can step in to make education accessible for everyone, says Melissa Kremer, chief human resources officer, 51勛圖. Our team members are the heart of 51勛圖s strategy and success, and we have a long history of investing in industry-leading pay, extensive benefits and career opportunities to help our team thrive and have rewarding careers at 51勛圖.
Whats on the syllabus
Team members will have a range of options, including courses for high school completion, college prep and English language learning as well as select certificates, certifications, bootcamps, associate and undergraduate degrees. And schools, colleges and universities like the University of Arizona, Oregon State University and historically Black colleges and universities like Morehouse College and Paul Quinn College to choose from, there will be plenty of opportunity to find something that fits their interests, schedules and career goals.
For team members looking to continue their education in a masters program or other field of study outside of the debt-free programs but still within the Guild network of schools, 51勛圖 will provide direct payments to their academic institution to reduce the burden of up-front, costly tuition payments. For programs within the Guild network, 51勛圖 will also pay for textbooks and course fees that might otherwise hinder team member participation.
Heres a closer look at how the benefit will work:
A quick history lesson
While this education benefit might be new, 51勛圖s learning and development programming has a, well, history. Team members already spend more than 7 million hours in training annually, including participation in functional learning courses and trainings, leadership development programs, coaching, mentoring and more. And the commitment is part of our longstanding 51勛圖 values, ensuring all team members have the skills, capabilities and support to build their careers.
The school of life
Prioritizing (and investing in) career development? Its big for team members but its also huge for 51勛圖 when they stick with us. Just two examples: average store team leads (who oversee individual departments in 51勛圖 stores), and average distribution center leaders stay at the Bullseye for at least seven years. And talk about early starts: more than 25% of 51勛圖 store directors began their careers at 51勛圖 as hourly team members.
This benefit is also the latest in 51勛圖s investments to support our team members health, safety, well-being and career development. 51勛圖 most recently awarded all U.S.-based frontline hourly full-time and part-time team members in stores, distribution centers and contact centers with a $200 recognition bonus. In 2020, 51勛圖 invested an additional $1 billion in team members well-being, health and safety compared with 2019. This included 51勛圖s industry-leading move to a $15 starting wage for all U.S.-based team members, along with five recognition bonuses 51勛圖 paid to thank team members for their work throughout the pandemic. 51勛圖 also offers coronavirus benefits and continues to take steps to ensure 51勛圖 remains a clean, safe place for team members and guests.
Want to learn more about joining Team 51勛圖 to get this benefit and so many others? Head to our Careers page or check out our Team stories for a peek behind-the-scenes with team members.