When Walmart stopped requiring college degrees for most of its corporate jobs last year, the company confronted three deep truths about work and schooling:
A college diploma is only a proxy for what someone knows, and not always a perfect one. A degree's high cost sidelines many people. For industries dominated by workers without degrees, cultivating future talent demands a different playbook.
Some of the nation’s largest employers, including Walmart and McDonald’s, are now broaching a new frontier in higher education: convincing colleges to give retail and fast-food workers credit for what they learn on the job, counting toward a degree.
Behind the scenes, executives often paint a grander transformation of hiring, a world where your resume will rely less on titles or diplomas and act more like a passport of skills you’ve proven you have.
For now, companies and educators are only starting to chip away at one of the first steps: figuring out how much college credit a work skill is worth.
Getting credit for Walmart training
Something unusual happened to Bonnie Boop one semester.
She’d returned to college in her late 40s using Walmart’s tuition-assistance program after joining the company as a part-time stocker. In her younger years, she had gotten two associate degrees, so her children used to joke that she might as well say she’d gone to school for four years. But to her, it wasn’t the same.
“Bachelor’s degrees tend to open more doors,” Boop says. Plus, she says, she persisted for “the principle of it all.”
At Walmart, Boop stocked health and beauty aisles in the evenings after another day job. Later, she went full time and got promoted to supervise others. This required new training at “Walmart Academy”: brief, intensive courses on leadership, financial decision-making and workforce planning.
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5moWhat an interesting concept! Why not? I've always found that professional and executive MBAs which require work experience were so much more valuable than traditional MBA programs because: 1. real world experience grounds all academic teachings in reality 2. candidates learn as much if not more from other students than their teachers 3. students actually are able to integrate academic concepts and teachings and test them in real life situations in real time which helps them confront the limitations of theory vs implementation Students who get credit for learning the basics of work in large corporations such as WalMart and McDonald's would be more likely to follow addiitonal courses and gain degrees thereby becoming much more valuable to these firms. With the continuously rising cost of college this is a great option and a valuable path to creating future leaders in these organizations. I LOVE this idea.