McDonald & # 39 ; s Corp. announced on Thursday that it will increase its investment in employee training.
The fast food chain in Oak Brook, Ill., Said it will triple the amount McDonald's said it will invest $ 150 million in the global education program from Archways to Opportunity. This new investment has been "accelerated by Changes in US Tax Law ", which was introduced by the Trump Administration lowered taxes, the company said in a press release.
The company also announced changes in eligibility that will benefit more employees, according to the publication. McDonald's will reduce the eligibility requirements from nine months to 90 days. The weekly shift is also reduced to 15 hours from the previous minimum requirement of 20 hours. McDonald's also announced plans to "extend some of this education to family members of restaurant employees".
Archways to Opportunity, founded in 2015, offers study grants to more than 24,000 eligible US employees opportunities include pursuing a baccalaureate and college Credit. Since its inception, more than $ 21 million has been spent on supporting high school and college programs
The program also provides access to free educational counseling services and the opportunity to learn English as a second language.
Archways to Opportunity should meet the ambition and motivation of the restaurant crew with the means and the network to help them succeed on their own terms, "said David Fairhurst, McDonald's Chief People Officer "By tripling the study allowance, increasing family benefits and lowering the eligibility requirements for a summer job, we signal that we invest in your future when working at your McDonald's."  With the increased investment, nearly 400,000 McDonald's US employees qualify for the program.
While the new program will be in effect on May 1, it will be retroactive to January 1.
According to Phil Saken , Ohio and Michigan Region Communications and Brand Reputation Manager, approximately 900 Michigan employees receive either study allowance or earning their high school diploma There is a million dollar investment.
Neel Chapatwala and his family own and operate 20 McDonald's in Greater Detroit. He said he was excited about the increased investment and what it means for his employees.
"…" They can continue to work and learn important job and life skills in the restaurants while pursuing their educational dreams. It's a win-win situation for everyone, "Chapatwala said in an email.
Those looking for a summer job could also benefit from it, says Chapatwala.
" If they come in May in one McDonald's restaurant, they may be eligible for this educational benefit if they return to school in August or September, "said Chapatwala.
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