Tech & Science: Amazon to spend $700 million retraining a third of its US workforce by 2025 - PressFrom - United Kingdom

Tech & ScienceAmazon to spend $700 million retraining a third of its US workforce by 2025

18:00  11 july  2019
18:00  11 july  2019 Source:

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Executives increasingly see investing in retraining and “upskilling” existing workers as an urgent Looking back over the past five years, only about a third of executives in our survey said Depending on the speed and scale of the coming workforce transition, as MGI noted in its recent report, many

Sixteen million to 54 million workers, or as much as a third of the workforce , will need to be retrained for entirely new occupations. Governments and businesses already have fallen short in the retraining of workers who lost jobs in the recession of 2007 to 2009.

Amazon to spend $700 million retraining a third of its US workforce by 2025 © Illustration by Alex Castro / The Verge

Amazon has announced that it will spend $700 million to retrain 100,000 of its US employees by 2025, a move meant to help them pursue new paths at the company. The figure amounts to spending around $7,000 per employee on roughly a third of its workforce in the US. Amazon says the training schemes will be offered to employees across its corporate offices, tech hubs, fulfillment centers, retail stores, and the transportation network. For example, workers in fulfillment centers could be retrained as IT support technicians, and nontechnical corporate workers could receive training in software engineering, according to The Wall Street Journal.

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If the US were to legalize cannabis federally today, it would add 782,000 jobs to the economy, according to the study. Marijuana legalization could create 2 billion in federal tax revenue and inject over a million jobs into the US labor market by 2025 if it becomes legal nationwide, a new

Globally, we estimate that 250 million to 280 million new jobs could be created from the impact of We should embrace these technologies but also address the workforce transitions and challenges they Midcareer retraining will become ever more important as the skill mix needed for a successful

The announcement comes as Amazon faces sustained criticism over its working conditions, particularly in its warehouses where employees are automatically tracked and fired to hit productivity targets. In less than a week’s time, Amazon workers in the company’s Shakopee, Minnesota, warehouse are planning a strike to coincide with the company’s annual Prime Day sale. Last year, Amazon warehouse workers conducted similar strikes across Europe.

Slideshow: What Amazon plans to do next (lovemoney)

The training schemes are Amazon’s latest attempt to prove that it’s taking care of its workers. Last year, the company increased the minimum wage in the US to $15 an hour and challenged its rivals to do the same. However, as the specter of automation looms over the industry, many of these jobs could one day disappear, even if fully automated warehouses are unlikely to be viable within the next decade.

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The US will need to hire 2.3 million new health care workers by 2025 in order to adequately take care of its aging population, a new report finds. "Few other industries are racing the clock to find a future-ready workforce like today's health care administrators," said Jason Narlock, senior consultant with

“ We have an unwavering belief that diversity makes us smarter and more innovative.” So far, one way Accenture has increased its female ranks is by setting diversity goals for each of its business segments and geographies and providing transparent progress updates.

As The Wall Street Journal notes, it can be very hard for companies to know which skills will be in demand in the future. Amazon’s response is that it’s built its retraining programs around insights into its own workforce, which suggest that the fastest-growing jobs areas include data mapping specialists, data scientists, solutions architects, and security engineers. The WSJ notes that Amazon is struggling to find employees for its more technical roles, with 20,000 job opportunities currently open across the country.

Interestingly, Amazon’s retraining programs will not just include skills that are useful within the company, but they will also cover areas such as nursing and aircraft mechanics, according to The Wall Street Journal. None of the training programs will require employees to commit to staying at Amazon, but research suggests that training schemes can boost morale and may mean that employees are less likely to leave a company anyway.

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Third -party sellers must either provide a return address within the United States , provide a prepaid return label, or offer a full refund without requesting the item be returned. If a seller does not offer these methods to return your items, you may file an A-to-z Guarantee claim to seek help with your return.

AT&T is in the midst of a massive retraining program for its 250,000 employees to keep pace with rapid technology innovation. AT&T initiated a massive retraining effort after discovering that nearly half of its 250,000 employees lacked the necessary skills needed to keep the company competitive.

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MSN are empowering Women In Sport this summer. Find out more about our campaign and the charity fighting to promote the transformational and lifelong rewards of exercise for women and girls in the UK here.

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The tech firm will add jobs in several British cities.

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