Cheryl Winokur Munk
speaker
643 appearances
14 recordings
1 series
first heard Mar 2018
last heard Nov 2024
Cheryl Winokur Munk’s voice in public audio — every appearance, attributed to the second.
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Appearances
One is tuition reimbursement, where the employee will spend whatever the money is.
Let's say it's $3,000 on a bachelor's degree or per semester, and then I have to seek reimbursement from my company.
So that's a reimbursement program.
The other type of program is a prepaid program where a company will pay the educational institution directly so the employee doesn't have to shell out any money.
And a lot of employers are starting to put that into place more so than the reimbursement because it means that employees don't have to spend any of their own money up front.
Yeah, so just to preface this, that every company has slightly different programs, but as a general example, Walmart pays 100% of tuition and books for an undergraduate degree at more than 25 universities.
Walmart's program also includes short-form certificates that connect to in-demand jobs at Walmart,
And they also offer high school completion and English language learning.
That's offered to associates and managers in U.S.
stores, Sam's Clubs, and supply chains.
So generally speaking, the details can vary.
Sometimes it depends on how long you've been at the company.
Sometimes there are requirements you have to be at the company for a certain period of time.
You may have to work a certain number of hours to be able to get the benefit.
Certain programs may be available only to certain employees.
So some companies may say we'll offer prepaid to our entry-level employees and then we'll
Upper-level employees may get a reimbursement option, so it really depends on the company.
So there's actually a lot of fine print in these programs.
So there may be only certain types of degrees you can get in certain fields, for example.
It may be that you can get a bachelor's degree.
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