Kroger bringing additional resources to associates
Kroger is planning to offer more resources to more associates following the completion of its proposed merger with Albertsons Companies.
As part of this commitment, Kroger will provide more than 700,000 part-time and full-time associates access to its continuing education benefit, which offers up to $21,000 of reimbursement toward higher learning or continued development. The combined company also will expand access to its Goldman Sachs Ayco financial coaching tool. These programs build on the previously stated commitment that the combined company will invest $1 billion to continue raising associate wages and comprehensive benefits.
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"Our associates are at the center of everything we do," said Rodney McMullen, chairman and CEO of Kroger. "Kroger's industry-leading educational benefit supports associates who are interested in advancing their learning in any way they want. Our commitment to offering financial counseling services provides associates with the tools they need to build a budget, pay off debt or begin saving for retirement. These two tools are just some examples of the ways we invest in our associates holistically. Growing these programs is one small part of the world-class benefits plan we offer."
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Under Kroger's continuing education program, part-time and full-time associates can take advantage of up to $21,000 of reimbursement toward higher learning or continued development. Associates can use the funding to pursue a high school equivalency exam, professional certification or advanced degree. Since its inception in 2018, more than 15,000 associates have participated in the program.
Kroger's free financial counseling tool offers both salaried and hourly associates access to coaches as well as online tools and resources to create a savings plan, learn how to avoid common financial pitfalls and explore opportunities to maximize all available company benefits.