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McDonald's triples his study allowance to pay higher salaries



McDonald & # 39; s says it has a duty to increase student tuition fees by $ 150 million in five years, thanks to corporate tax breaks under the new tax code.

The company is increasing support for an annual basis for eligible employees to $ 2,500 / year, from $ 700 / yr before.

Managers now have access to $ 3,000 a year for education, which is $ 1,050 a year.

There is no lifetime capsule that benefit, and the oversized benefit will come into effect on May 1, 2018 and will take effect retroactively until January 1, 2018.

In addition, the restaurant also reduces the admission requirements for the study grant on two fronts. [196592002] First, employees need to stay at McDonald's for only 90 days before they can take advantage of these benefits. That has not been so far for nine months.

Second, employees who need study allowance only have to work 1

5 hours a week instead of the previous 20 hours a week.

McDonald's says it will expect 400,000 employees

Meanwhile, the Golden Arches is far from being the only fast-food employer to help its employees pursue their dreams of higher education.

Other Achievements throughout the Sector [19659011] Chipotle

This study reimbursement offer is available to full-time and part-time workers after one year

The staff will reimburse tuition fees, books and fees to the IRS- Limit of $ 5,250

Chipotle also partners with Gild Education, which allows you to earn between 38 and 44 credit hours through on-the-job training.

Kentucky Fried Chicken

For hours of team members and shift supervisors on duty for at least six months, KFC offers the REACH Educational Grant Program.

The program offers college study grants over grants of $ 2,000 and $ 2,500. Fellows can attend any accredited two- or four-year college or trade / vocational school.

Managers can now receive grants of up to $ 3,000 through KFC's REACH initiative.

The winners are selected in a contest application process and can reapply each year.

Pizza Hut

Through a partnership with Excelsior College, Pizza Hut offers the Life Unboxed EDU program

Excelsior offers 45% discount on undergraduate and 15% graduation for Pizza Hut employees

Similar to Chipotle's Pizza Huts study grant allows you to earn up to 63 credits for on-the-job training.

Starbucks

The Starbucks College Performance Plan is perhaps the most important generous of any restaurant tuition plan. You will basically receive a free education through a partnership with Arizona State University!

Full tuition reimbursement is available for each year of college, leading to a bachelor's degree.

The exact details of the plan can be found here. [19659028] (function (d, s, id) {
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