Amazon.com plans to pay college fees for US hourly workers

Lately, the big US companies have changed: They are offering their employees perks as incentives. The perks offered range from supporting educational programs to raising salaries. Amazon follows suit and pays full tuition fees for its hourly staff. Employees who have worked 90 days or more are qualified. The big retailer says it will pay for the high school diploma programs for these employees. The other programs are English for workers who want to learn it as a second language and GEDs. In addition, there are operational staff in the various business areas such as the distribution centers and the extensive network of warehouses. Amazon outlined all of the areas it wants to cover and pointed out the hundreds of educational institutions spread across the country. It's been a while since the company paid 95% of the tuition fees for all hourly employees. According to reports, this was done as part of his career choice program. Walmart Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT) seem to be making huge strides in the same direction. In August, Target introduced a program that covers the cost of bachelor and associate degrees at some schools. Later in July, Walmart followed suit when it decided to cover 100% of the cost of books and tuition. According to analysts, it's a trend that's pretty obvious, and it's about surviving in a competitive job market. Amazon was quick to spot competition in the labor market, but believes the incentives to attract workers will be beneficial to the company in the long run. There are also reports that the retail giant is giving a sign-up bonus to anyone who wants to work for it.