New York (CNN Business) Chipotle will pay for its employees to get business or technology degrees at certain colleges, the company said Tuesday. The new program, which kicks off on November 15, is the restaurant chain's latest effort to attract and retain talent in a highly competitive labor market.

Chipotle CMG Employees who have been at the company for at least 120 days and work a minimum of 15 hours per week can choose from 75 different degree programs at five schools: the University of Arizona, Bellevue University, Brandman University, Wilmington University and Southern New Hampshire University.will cover tuition only if employees remain at the company, and ask that they stay for at least six months after they earn their degrees. The new benefit is an expansion of Chipotle's existing programs. The chain already offers up to $5,250 a year in tuition reimbursement as well as other education assistance programs.

With so many good options, companies have to make a good case for their employees to join their companies and stay.

The debt-free degree program is a way for Chipotle to show current employees that they are committed to helping with their personal and professional development, said Marissa Andrada, chief people officer for Chipotle. It's also a way to attract new employees who are concerned about college debt.

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