Lowe’s launches Track to the Trades program to provide career alternatives and financial support for employees to pursue a skilled trade

Lowe’s launches Track to the Trades program to provide career alternatives and financial support for employees to pursue a skilled trade 

MOORESVILLE, N.C., 2018-Feb-27 — /EPR Retail News/ — Today (February 22, 2018), Lowe’s Companies, Inc. (NYSE: LOW) announced Track to the Trades, a new workforce development initiative that aims to provide innovative career alternatives and financial support for employees to pursue a skilled trade. The program will be supported in partnership with Guild Education, an adult education company. The initiative comes at a time when the skilled trade industry is experiencing a rapidly declining workforce.

According to the Home Improvement Research Institute, more than 60 percent of skilled trade professionals agree that there is a shortage of labor in the construction industry. The same study reports ongoing hiring challenges for professional contractors, with 40 percent of pros looking to expand their job site workforce.

To begin addressing this critical trade skills gap while also providing employees with a variety of career paths and economic opportunity, Lowe’s is offering employees:

  • Upfront tuition funding for trade skill certification
  • Academic coaching and support
  • Placement opportunities for full-time pre-apprenticeships in Lowe’s nationwide contractor network or continued growth with Lowe’s

Beginning March 1, Lowe’s will debut Track to the Trades in four cities: CharlotteDenverPittsburgh and Richmond. Following the four-city pilot, the program will be expanded to qualified Lowe’s part-time and full-time employee nationwide by the end of 2018.

Eligible employees will receive up to $2,500 to gain a certification and serve as a pre-apprentice in carpentry, HVAC, electrical, plumbing or appliance repair careers. Pre-apprenticeships take approximately six to 10 months, and participants will also receive enrollment guidance and a field mentor.

“The trade profession is a high-demand, high-opportunity field for the next generation workforce, and today, there is a massive unmet need,” said Jennifer L. Weber, Lowe’s chief human resources officer. “With Track to the Trades, we are providing unique career alternatives for our associates while also building a pipeline for the next generation ofLowe’s,Track to the Trades ,skilled trade, Guild Education CEO, Rachel Carlson, Home Improvement Research Institute,  Jennifer L. Weber, skilled trade workers, allowing us to better meet the demands of customers while creating long-term educational benefits and economic opportunity for our people.”

The U.S. Bureau of Labor Statistics (BLS) reports that the nation’s need for workers in the skilled trades is increasing much faster than the growth of employment overall, according to a recent forecast. In fact, Lowe’s analysis of BLS data projects we will experience a skilled trades gap of more than a half million jobs across construction-related fields by 2026. Lowe’s Track to the Trades program is a first step toward rebuilding the skilled trades workforce and infusing pride back into trade professions that are vital to society.

“Lowe’s is leading the way on pre-apprenticeship models that prepare employees for jobs of the future, both while working at Lowe’s and beyond in their careers,” said Guild Education CEO, Rachel Carlson. “The education pathways offered by Lowe’s eliminate the all-to-common false choice between trades programs and advancement in higher education. At Guild, we’re honored to be working with the Lowe’s team on this first-of-a-kind partnership.”

About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United StatesCanada and Mexico. With fiscal year 2016 sales of $65.0 billion, Lowe’s and its related businesses operate or service more than 2,370 home improvement and hardware stores and employ over 290,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.

About Guild Education
Guild Education is transforming the way employers offer Education as a Benefit to their employees. Guild Education’s platform makes offering education benefits an easy choice for leading companies, with a platform to help innovative HR leaders turn their education programs into a long-term positive ROI for their company. The company’s diverse network of online, nonprofit universities offer a range of programs from GEDs and apprenticeship programs through bachelor’s and master’s degrees, along with advising and retention coaching to help each student navigate the worlds of work and post-secondary education. As of today, Guild Education has raised a total of $31.5 million in funding from Bessemer Ventures, Redpoint Ventures, Harrison Metal, and Cowboy Ventures. To learn more about Guild Education, visit www.GuildEducation.com.

SOURCE: Lowe’s Companies, Inc.

Media Inquiries
704-758-2917
PublicRelations@Lowes.co

Chipotle expands its educational benefits program with new degree at University of Denver

  • Chipotle to offer educational assistance to employees who pursue a Bachelor of Arts at DU
  • Initial data shows 89 percent of student-employees stay with Chipotle after enrolling in tuition assistance programs; student-employees also see greater likelihood of promotion

DENVER, 2017-Aug-23 — /EPR Retail News/ — Chipotle Mexican Grill (NYSE: CMG) has added University of Denver (DU) to the universe of colleges and universities that employees have access to through a Chipotle partnership with Guild Education. Through the partnership, Chipotle employees can earn a degree through DU’s Bachelor of Arts completion program in its University College. The partnership with DU adds to existing educational benefits the company already provides its employees, including up to $5,250 in tuition reimbursement, and a discounted tuition program through Guild that offers reduced cost courses and degree programs at a number of colleges and universities.

Since expanding its education offerings in 2015 to include hourly workers as well as salaried employees, Chipotle has seen better than expected participation, improved retention, and higher promotion rates among participating employees. Since expanding the program, Chipotle has provided assistance to nearly 3,500 employees. The company’s education programs currently offer more than 2,000 class and program options to employees. The addition of the new degree program through DU’s University College offers a return to Chipotle’s roots of sorts, given that the first Chipotle restaurant is located just steps from DU’s main campus.

“Our goal in offering really strong educational benefits to our employees is to help prepare them for long-term and fulfilling careers,” said Steve Ells, founder, chairman and CEO at Chipotle. “A year into the program, we are hearing tremendous feedback from our employees, and seeing strong results in terms of enrollment, retention, and internal promotions among employees who are participating in the program.”

To help expand its educational benefits program, including the new degree at DU, Chipotle partnered with Guild Education and Guild’s network of non-profit colleges. Data from Guild Education shows that Chipotle’s restaurant employees enrolled in its programs who go back to school are twice as likely to be promoted at Chipotle, as compared to their peers. Restaurant employees enrolled in an education program with Guild are also nearly twice as likely to stay at Chipotle — 89 percent of employees who enrolled stayed with the company for the following nine months.

A Career with Purpose

Carlos Grajeda, a service manager at Chipotle in Denver, was one of the first employees to take advantage of continuing education benefits through Guild. After struggling to complete college twice, Grajeda began working at Chipotle and soon after learned about Chipotle’s education benefits.

“Chipotle offered me an affordable way to go back to school, and I’m beyond grateful,” Grajeda said. “I worked with Guild to complete a management training program and earn some college credits, and then I decided to take the next step and enroll in a degree program at Colorado State University-Global Campus. My life has been filled with more purpose and direction than ever before.”

“Chipotle team members are not only hard-working employees – they are also dedicated learners on the path to an entirely new form of the American apprenticeship,” said Rachel Carlson, CEO and co-founder of Guild Education. “Companies like Chipotle are leading on new and innovative solutions to support and retain great employees like Carlos.”

ABOUT CHIPOTLE

Steve Ells, Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience. Today, Chipotle continues to offer a focused menu of burritos, tacos, burrito bowls, and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in an interactive style allowing people to get exactly what they want. Chipotle seeks out extraordinary ingredients that are not only fresh, but that are raised responsibly, with respect for the animals, land, and people who produce them. Chipotle prepares its food using real, whole ingredients, and is the only national restaurant brand that prepares its food using no added colors, flavors or other industrial additives typically found in fast food. Chipotle opened with a single restaurant in Denver in 1993 and now operates more than 2,300 restaurants. For more information, visit Chipotle.com

ABOUT GUILD EDUCATION

Guild Education helps employers offer Education as a Benefit to their employees. Guild’s technology makes offering education benefits and tuition reimbursement an easy choice for leading companies, with a platform that helps HR leaders turn their education cost centers into a positive ROI. Guild’s diverse network of online, nonprofit universities, including the University of Denver, offers a range of programs from GEDs through bachelor’s and master’s degrees, along with advising and retention coaching to help each student navigate the worlds of work and college. To learn more about Guild, visit www.GuildEducation.com/for_companies.

Contact:
Chris Arnold
303-222-5912
carnold@chipotle.com

Source: Chipotle