PepsiCo, Inc is an American multinational brand for beverages, snacks, and food. The company was established on August 28, 1898, by Caleb Bradham. The headquarters is in Harrison, New York. The products are sold globally. By 2021, the company possesses twenty-three brands with a turnover of a billion in sales. Here we will see about Does Pepsi Pay for college?
PepsiCo has offered to cover 100 percent of tuition fees through the program known as myeducation. The firm will also issue funds to the students for their textbooks and course fees.
How To Qualify For The Tuition Fee Program?
The company provides a tuition reimbursement program to their employees to pursue an accredited program for over 100 programs. Through the debt-free program, an employee can gain college degrees and certificates. Pursue High school, applied learning, college preparation, and learn English language.
The employees shall be active and full-time working at the company. The performance rating shall be satisfactory. The employee needs to confirm their eligibility with the HR Representative. The manager will review your performance for the tuition request approval process.
Pepsico Debt-Free Program Features
The tuition fee gets reimbursed for up to $5,250 per year for funding on the selected programs and undergraduate degrees outside of the debt-free catalog. The reimbursement tuition fee for up to $8000 per funding year for certification and graduate degrees.
These are specially designed for the working adults at PepsiCo. A wide range of education is available on the portal. All the courses are highly ranked and they are accredited by the universities. These are all tailored for advancing your career and skills at PepsiCo.
There are four areas in which the firm provides the benefits program to its employees:
Certificates & Bootcamps
The firm provides a hundred percent tuition coverage on boot camps and certificates. These are offered in the business-aligned fields such as Data Analytics, Management, Sales, Technology, and more. The employees will receive finer guides & coaches on a 1:1 basis.
The course materials like books are completely reimbursed through the Guide Catalog. These courses are accessed with the flexible dates through the online mode
College Degrees
Employees can pursue a degree program of two to four – years. The firm covers a hundred percent of tuition fees in the associate and bachelor’s degree programs. These degrees are offered in the business-aligned fields such as Data Analytics, Technology, Business administration, Operations & Supply chain, and more.
The books are completely reimbursable for in-network programs. The degree program is in online mode and they can be started according to the employee’s suitable day & time.
High School, English Language Learning & College Preparation
The firm offers a high school diploma or even preparation for going to college. Employees can enroll in high school diploma. The firm also offers to explore English Language Courses. Employees can take college preparation courses with the credits that are transferred.
The expert guide coaching is available on a 1:1 basis. Classes will be available online mode with flexible start dates.
Applied Training
Certifications and trade programs provide new skills and experience for in-demand roles. The firm pays a hundred percent on the selected trades certificates. New trade programs and certifications are enumerated on-a regular basis. These programs are aligned with in-demand roles and skills. For an instance, earning a Commerical driver’s license.
This program may have certain exclusions and they are managed locally and according to the eligibility. To enroll in the applied training programs, the employees must need to confirm their eligibility with the HR representative.
Criteria For The Applied Training Program
- The employee shall be an active full-time salaried or hourly employee and participate at one of the PepsiCo locations with a minimum of 6 months of continuous service before their course start date.
- An employee shall have satisfactory attendance and performance.
- The applicant shall be above 21 years.
- If required, they may need to pass the physical capabilities test and drug test.
- They need to pass the PepsiCo Motor Vehicle Record check.
- The applicant needs to pass at DOT road test and DOT physical.
- Classes are attended online or in-person for a four-week period.
- Applicants need to bring their transportation to and from the training site.
- The PepsiCo site will review applications and select only those participants based on their performance.
Universities Affiliated With The Pepsico Benefit Program
- Purdue University Global
- LSU Online & Continuing Education
- Penn Foster High School
- eCornell
- OpenClassrooms
How To Log In To Myeducation?
- Visit their website
- Create an Account at myeducation
- Further, select on the Student Dashboard.
- The applicant can contact the guide or coach via email, phone, and live chat.
Does Pepsico Provide Scholarships?
Yes, The firm provides different scholarships for eligible students. The students shall possess active participation in extra circular activities, leadership qualities, and a GPA ranging from 2.5 to 3.5 and above.
Some names of the scholarships are –
- $10,000 Pepsi Scholarships
- Pepsi Public Affairs Scholarship
- Pepsi Mid-Del Technology Scholarship
- Pepsi Scholarship Fund Hospitality High School
- International Pepsi Scholarships
- PepsiCo Excel Scholarships for children of Employees
Employee Benefits At Pepsico
The employees receive health & insurance benefits such as Long-term Disability Insurance, Temporary Disability Insurance, Severance Pay, Supplemental Unemployment, Health Insurance, Dental Insurance, Vision Insurance, Life Insurance, Prepaid Legal, Accidental Death & Dismemberment Insurance.
Retirement & Financial Benefits are Stock Bonus, Defined Benefit Pension Plan, Defined Contribution Pension Plan, Profit-Sharing, 401 (k) Plan.
Conclusion
PepsiCo is a multinational brand and serves its products internationally. The firm has announced a debt-free education benefit program for its employees. It is specifically designed for working adults. An employee has a wide range of options available to pursue their career and earn an undergraduate degree or certificate. The company also provides innumerable scholarships only to eligible students.
Frequently Asked Questions
- What is the average salary for working at PepsiCo?
It depends upon the job title of the employee. The average income ranges from $12 to $30 per hour. The company also pays for the overtime after 40 hours.
2. At which Age, an employee can get retired at PepsiCo?
The Normal retirement age under their plan is age 65.
3. How many vacation days are provided at PepsiCo?
Generally, under the company’s vacation policy it gives twenty to thirty days off per year.
