Redner's Offers Tuition Reimbursement Program to Local Students.
READING, Pa. -- Redner's Markets, Inc. here has created an innovative tuition reimbursement program to be offered to students attending Bucks County Community College (BCCC). The retailer also plans to offer a tuition-reimbursement pilot program to students at Wilson High School, which is located near its corporate headquarters.
Redner's has joined with the two schools in an effort to enhance recruiting and retention of employees attending each institution.
The company's "Food for Thought" education assistance program will be offered to any current or potential Redner's employee who enrolls at BCCC as a full-time student. Redner's will reimburse students $92 per credit hour, or up to $750 per semester. The maximum amount of reimbursement offered to students is $6,000 during the course of their academic studies at BCCC. Students will be required to maintain a 2.0 grade point average during their participation in the program.
The BCCC campus affairs coordinator and Redner's human resource department will coordinate the program and academic performance of student participants enrolled at BCCC. Redner's operates four supermarkets in Bucks County, with 425 associates.
"We believe these programs will benefit both Redner's Markets and our student employees by having a portion of their college tuition paid and offsetting some of their financial burden," said Redner's v.p./human resources Robert McDonough.
Redner's will be piloting a similar program with Wilson High School in Berks County. Students enrolled at the high school who are also employed at Redner's Markets will be able to enroll in a promissory tuition-reimbursement program for higher education.
Current Wilson students would be able to earn $1 of tuition reimbursement for each hour of work performed, with a lifetime maximum of $2,000. The amount that the students accrue during their employment with Redner's would later be applied to the cost of tuition associated with a post-secondary degree. Students wishing to enroll in the program must maintain a 2.0 grade point average, maintain good standing as an employee and complete the graduation requirements of Wilson High School.
"In today's employment market, we must be creative in finding ways to recruit and develop talented employees," said McDonough. "Such a program will be an additional recruiting tool through which we can find new employees as we emerge into new markets. We are hopeful that we can establish relationships with students that will introduce them to the food industry as being a viable career option."
Redner's Markets, Inc., an employee-owned company, currently operates 40 Warehouse Markets and 12 Quick Shoppes throughout Eastern Pennsylvania, New York, and Maryland.
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|Title Annotation:||Redner's Markets Inc.|
|Date:||Aug 23, 2007|
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