NEWPORT BEACH, Calif.,
Oct. 7, 2020 /PRNewswire/ -- Chipotle
Mexican Grill (NYSE: CMG), known for its leading education
benefits, announced that it is expanding its Debt-Free degree
program to include Paul Quinn College,
the nation's first urban work college and one of the oldest
Historically Black Colleges and Universities (HBCU) in the country.
Chipotle covers 100% of tuition costs up front for over 75
different types of business and technology degrees for eligible
employees, including crew members, through its partnership with
Guild Education, the leading education benefits company in the
country.
For the first time, Chipotle adds an HBCU, Paul Quinn College, to its Debt-Free degree
program.
After 120 days of employment, employees are eligible to pursue
debt-free degrees from leading nonprofit, accredited universities,
including Paul Quinn College, the
program's first HBCU. Additional schools in the debt-free degree
program include: The University of
Arizona, Bellevue University,
Brandman University, Southern New Hampshire
University, and Wilmington University.
"We want to provide employees with the tools to achieve their
full potential and recognize that financial barriers can be one of
the biggest obstacles for not furthering their education," said
Marissa Andrada, Chief Diversity,
Inclusion and People Officer at Chipotle. "Ensuring we provide
inclusive benefits and a support system for our employees and
recognizing the importance of offering an HBCU in our education
program will continue to aid in our efforts to cultivate a better
world."
Since the launch of Chipotle's Cultivate Education program in
2016, more than 8,000 employees have enrolled in classes leveraging
the tuition reimbursement benefit or debt-free degrees introduced
last year. To date, Chipotle has seen a retention rate of three and
a half times higher among students who are enrolled in Cultivate
Education. Of those using the benefit, 85% of students are crew
members, and the benefit has the biggest impact on their growth and
tenure. Additionally, crew members using the benefit are seven and
a half times more likely to move into a management role within the
organization.
"Chipotle's Cultivate Education program continues to thrive,
giving employees the opportunity to achieve enhanced economic
mobility," said Rachel Carlson, CEO
and Co-Founder of Guild Education. "By expanding the program to
include Paul Quinn College, Chipotle is
offering employees a more comprehensive, inclusive benefit."
In addition to education, Chipotle offers industry-leading
benefits such as: an all crew bonus program, which allows its
restaurant employees the opportunity to earn an extra month's worth
of pay each year, access to mental health care and English as a
second language for employees and their families; among others.
Chipotle has been intentional in its efforts to enhance the
employee experience with a focus on personal growth, which has
positively impacted business. Last year, the organization saw a 35%
reduction in turnover at its general manager level, causing greater
stability and a stronger guest experience. To learn more about
opportunities at Chipotle, visit https://jobs.chipotle.com. To
learn more about Paul Quinn College,
visit https://chipotle.guildeducation.com.
ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE:
CMG) is cultivating a better world by serving responsibly sourced,
classically-cooked, real food with wholesome ingredients without
artificial colors, flavors or preservatives. Chipotle had over
2,650 restaurants as of June 30,
2020, in the United States,
Canada, the United Kingdom, France and Germany and is the only restaurant company of
its size that owns and operates all its restaurants. With more than
91,000 employees passionate about providing a great guest
experience, Chipotle is a longtime leader and innovator in the food
industry. Chipotle is committed to making its food more accessible
to everyone while continuing to be a brand with a demonstrated
purpose as it leads the way in digital, technology and sustainable
business practices. Steve Ells,
founder and former executive chairman, first opened Chipotle with a
single restaurant in Denver,
Colorado in 1993. For more information or to place an order
online, visit WWW.CHIPOTLE.COM.
About Guild Education
Guild Education is on a mission
to unlock opportunity for America's workforce through education,
with a double bottom-line business model that does well by doing
good. Guild partners with leading employers and organizations to
help offer education and upskilling opportunities to America's
workforce. To do so, Guild partners with the nation's top
universities and learning providers, with classes, certificates and
programs focused on serving working adults. Guild has been named a
Fast Company Most Innovative Company, Top Woman-Owned Business of
the Year, Employee Initiative of the Year and recognized on the
Forbes Cloud 100 2019 and 2020 Lists. To learn more about Guild
Education, visit www.guildeducation.com.
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SOURCE Chipotle Mexican Grill, Inc.