Strategic Education, Inc. & Noodle Partners Unite to Provide Employers with Access to a Variety of Education & Upskilling Pro...
21 September 2020 - 8:01PM
Business Wire
The new WorkforceEdge platform will
streamline employers’ access to a network of top educational
programs and provide full administration of employee education
benefits
Strategic Education, Inc. (Strategic Education) (NASDAQ: STRA),
the parent company of Strayer and Capella Universities, and Noodle
Partners, which helps a growing network of colleges and
universities use technology and shared services to lower costs
while raising capacity and faculty-to-student engagement, announced
today that they will join forces to provide employers with a
seamless approach to administering tuition assistance benefits. The
partnership is designed to ensure the effectiveness of such
benefits and to give covered employees access to affordable,
relevant education options from top public and private schools.
Using WorkforceEdge, a complete employee education management
platform, employees can connect to a wide variety of online
undergraduate and graduate programs in Noodle’s network of top
public and private universities, and the affordable programs within
Strategic Education’s portfolio, including Strayer University and
Capella University. WorkforceEdge also serves as the portal for
employers to administer and disburse tuition assistance benefits
for employees and to better understand their spend and return on
investment.
WorkforceEdge streamlines the user experience for both employer
and employee: the employer has a central interface for greater
visibility into the overall investment it is making, while the
employee has a user-friendly portal through which to learn about
available programs.
“Today’s employees know they must continue learning, and
employers know that education benefits can help them attract and
retain a skilled workforce,” said John Katzman, Chief Executive
Officer of Noodle Partners. “The missing link is a pathway that
makes excellent degree and non-degree programs from leading
universities accessible to employers and their employees without
exacting a large toll for that access.”
According to the Society for Human Resource Management, at many
organizations, less than 5% of employees who have access to
education benefits take advantage of them. By combining
best-in-class educational options that fit employees’ varied needs,
the partnership will enable employees to take better advantage of
the tuition assistance benefits offered to them.
“At Strategic Education, we believe employers are important
partners in shaping the future of higher education and preparing
our workforce. This partnership furthers our ability to achieve our
aspirational vision to fully transition our tuition revenue to
private sector employers over the next ten years,” said Karl
McDonnell, Chief Executive Officer of Strategic Education. “We
believe this combination of flexibility, efficiency, quality, cost
and choice create a dynamic solution to the challenges employers
and employees currently face when it comes to education, upskilling
and training. This partnership builds upon the strong legacy
Strategic Education has created with its employer partnership
program.”
Strategic Education currently has more than 750 employer
partnerships where it provides a suite of groundbreaking education
solutions to help employers build and retain a skilled workforce.
The new WorkforceEdge platform adds to Strategic Education’s
commitment to offering employees options that are relevant,
innovative and affordable. For example, Strayer’s Degrees@Work
partnered with Fiat Chrysler Automobiles to offer a degree program
to dealership employees and their families free of charge.
Participating dealers experienced nearly 40% higher employee
retention.
A pilot program will launch at the end of September. Interested
companies can visit https://www.workforceedge.com/ to learn more
about WorkforceEdge which will be available to all Strategic
Education corporate partners by October 31, 2020.
“This partnership of two industry visionaries has the
opportunity to transform the relationship between higher education
and corporate America by providing a high-quality, upskilling
solution that addresses the skills gap in a way the market has been
waiting for,” said Mark Grovic, General Partner, New Markets
Venture Partners.
About Strategic Education, Inc.
Strategic Education, Inc. (NASDAQ:STRA)
(www.strategiceducation.com) is dedicated to enabling economic
mobility with education. We serve working adult students through a
range of educational opportunities that include: Strayer University
and Capella University (separate institutions that are each
regionally accredited), which collectively offer flexible and
affordable associate, bachelor’s, master’s, and doctoral programs;
a Top-25 Princeton Review-ranked online MBA program through the
Jack Welch Management Institute at Strayer University; self-paced
Sophia Learning general education-level courses, recognized by many
institutions for college credit; customized degrees for
corporations through Degrees@Work; and non-degree web and mobile
application development courses through DevMountain at Strayer
University, and Hackbright Academy. These programs help our
students prepare for success in today’s jobs and find a path to
bettering their lives.
About Noodle Partners
Noodle Partners creates excellent online and agile programs that
elevate campus-wide teaching and technology. Since January 2019,
Noodle has launched as many online degree programs with elite US
universities as have all of our competitors combined. Our network
of universities, higher education leaders, providers and students
fuel innovation and efficiency in learning design, marketing,
recruitment, technology, student and faculty support, and clinical
placement. For more information, visit noodlepartners.com and
follow us on LinkedIn and Twitter @Noodle_Partners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200921005210/en/
Strategic Education, Inc. Mona Amin Senior Manager,
Public Relations & Communications Phone: 202.557.4920 Email:
media.relations@strategiced.com
Noodle Partners Renee Young Vice President,
Communications Phone: 914.523.5320 Email: ryoung@noodle.com
Strategic Education (NASDAQ:STRA)
Historical Stock Chart
From Apr 2024 to May 2024
Strategic Education (NASDAQ:STRA)
Historical Stock Chart
From May 2023 to May 2024