Chipotle is the latest company to spend millions on this expensive benefit for its employees—here's why

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Chipotle is the latest company to spend millions on this expensive benefit for its employees—here's why. (via CNBCMakeIt)

When Guild works with other large companies, they typically "highly curate" the types of programs employees can choose from, Marissa Andrada, chief people officer at Chipotle, tells"What's different with us is we've decided to pivot and focus, for now, on business and technology degrees," she says.

Chipotle employees can also seek up to $5,250 in tuition assistance reimbursements if they pursue a degree outside of the program run by Guild Education. Over the past two years, Chipotle has distributed more than $20 million in tuition assistance.is a senior economist at Glassdoor and studies wages and benefits.

He also says that these kinds of education benefits can help companies grow their skilled work forces. "At the end of the day, we have 2,600-plus restaurants, and they've all got to run really well. And at the core of it is people. I don't think a higher wage will buy you that," she says."People do want a fair wage and we know we're paying that," says Andrada, arguing that workers, especially younger workers that Chipotle often employs, are looking for more. "They want to work for a manager and companies that invest in their growth and development.

 

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