Here's a new way to look at Wal-Mart: institution of higher learning.
Under a program announced Thursday, employees will be able to receive college credit for performing their jobs, including such tasks as loading trucks and ringing up purchases. Workers could earn as much as 45 percent of the credits needed for an associate or bachelor's degree while on the job.
The credits are earned through the Internet-based American Public University, with headquarters in Charles Town, W.Va., and administrative offices in Manassas.
"We want to provide you with more ways and faster ways to succeed with us," Eduardo Castro-Wright, head of Wal-Mart's U.S. division, told 4,000 employees during the company's annual meeting. The program is designed to encourage more workers to climb the corporate ladder. Though Wal-Mart says about 70 percent of its managers begin as hourly employees, it estimates that about half of its staff do not hold college degrees.
Jaymes Murphy, 24, a salesman from Victoria, Tex., who was at the annual meeting, said he tried for several years to juggle work and school with little success. He would attend class from 8 a.m. to 2 p.m. and then sprint to his job as a cashier at Wal-Mart from 3 p.m. to midnight. He eventually quit school but he dreams of getting a bachelor's degree in political science or communications.
"It gets stressful," he said. The program would allow him to "not have to worry about sacrificing one or the other."
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