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Tech CEO Plans to Pay for His Workers' Kids' College TuitionThe offer applies regardless of the employee's tenure or the chosen school
Photo screencapped from boxed.com
Another company has decided to step up their game to provide better benefits for their employees. Just last week, Virgin’s founder Richard Branson gave his employees' the option for a full year of paternal leave. Now, Boxed is offering to pay for its workers’ kids’ college tuition.
Boxed is a wholesale delivery service startup company and Chieh Huang, its CEO, is providing the means to put the kids of his employees through college.
The company employs around 100 people, most of which are warehouse workers.
“These folks have dedicated themselves to our company day in and day out,” Huang told CNN. “I’m really nothing without them, so this was just my way of making the situation right.”
“I think the average pay for a [Boxed] warehouse worker today is between $13 [P585] to $15 [P675] an hour,” Huang said, according to USA Today.
“If nothing much changes, [families of the warehouse workers] will still be in lower income jobs without access to upward mobility two or three generations from now,” he told Forbes.
Time reported that Huang plans to create a non-profit foundation that will be used to fund the project. He also plans to donate $1 million [P45 million] to the cost.
The children who will qualify for the program will receive full support for their college tuition regardless of what school they choose to attend or their parent’s Boxed tenure.
CNBC reported that job applications at Boxed have increased since Huang’s announcement.
Thumbnail photo from huffingtonpost.com
June 17, 2015. "CEO Offers Free Tuition for Employees' Kids". yahoo.com
June 12, 2015. "Boxed CEO pays for his workers' kids' college tuition". cnn.com
May 26, 2015. "This Tech CEO Wants to Send his Employees’ Kids to College". time.comADVERTISEMENT - CONTINUE READING BELOWCONTINUE READING BELOWRecommended Videos
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