Yum! Brands’ (YUM) Pizza Hut is the latest company to announce a plan to help employees pay for college.
Yum said Wednesday that it’s extending its partnership with Excelsior College to assist workers and their families pay tuition, The Street reported.
Called “The Life Unboxed EDU,” the program gives Pizza Hut employees a 45% discount on undergraduate tuition at the online university. The program also offers a 15% discount to graduate students. There are currently 65 employees in a pilot of the new perk.
The discount includes $5,250 for tuition, books, and other costs for full-time employees, according to The Street.
The plan for Pizza Hut workers follows a similar program already in place for Yum’s Taco Bell employees. The Street reported there’s no word on whether KFC employees will get similar benefits.
“We know this will certainly not hurt us in the retention space, but it’s not the reason that we did it—it’s about helping people to become their best, make friends and have fun,” chief people officer of Pizza Hut U.S. Amy Messersmith said in an interview with The Street.
The move comes months after Starbucks (SBUX) announced a similar plan to give employees full tuition at Arizona State University through its online program, which has cut into profit.
Coins2Day has reached out to Yum! Brands for comment.
