Investing
McDonald’s Employees Can Get College Credits for Working
In recent years, major employers like Walmart have advocated for on-the-job skills to count towards college credits to address the limitations of traditional college degrees and the high costs that deter many potential students. Now, McDonald’s is piloting a similar program to emphasize the importance of higher education in the franchise industry.
Related: Considering franchise ownership? Get started now to find your personalized list of franchises that match your lifestyle, interests and budget.
McDonald’s is working with community colleges to translate essential job skills, like safe food handling and customer service, into academic credits toward degrees in hospitality or other areas. This approach enhances employee career prospects and attracts and retains workers in a competitive labor market.
The practical benefits are significant for both employees and employers. For employees, earning college credit for work experience makes higher education more accessible and affordable, enabling them to achieve better-paying, more secure careers with less debt. For employers like McDonald’s, offering these educational opportunities reduces turnover, saves on recruitment and training costs and fosters greater employee loyalty.
Related: Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New ‘Hall of Fame’
However, the initiative faces challenges, including raising awareness among employees about these educational offers and navigating the complexities of balancing work with study. Despite these hurdles, McDonald’s commitment to this innovative approach exemplifies a growing recognition that work and education must be integrated, setting the stage for a future where skills and experience are valued alongside formal degrees.
Read More: NPR
Read the full article here
-
Personal Finance7 days ago
Seniors to get moderate cost of living bump in Social Security payments next year
-
Side Hustles6 days ago
Social Security Payments to Increase By 2.5%: What It Means
-
Investing7 days ago
5 Steps to Creating More Inclusive PR Campaigns
-
Investing4 days ago
Half million still without power in Sao Paulo from Friday storm By Reuters
-
Investing5 days ago
Ambani’s Reliance lobbies India on satellite spectrum in new face-off with Musk By Reuters
-
Investing6 days ago
Pemex’s Deer Park oil refinery scales back operations after fatal accident By Reuters
-
Make Money7 days ago
How Workers Believe the Presidential Election Will Impact Their Careers
-
Personal Finance4 days ago
Inflation sees the lowest annual rise since 2021