Amazon says it will spend $700 million to retrain about one-third of its U.S. workforce in skills needed to thrive in the new economy.
Amazon is increasingly using robots to help sort and deliver packages, said it will retrain 100,000 workers by 2025 to allow employees move into more highly skilled jobs within the company or find new careers outside of Amazon, according to a statement Thursday.
The program would enable employees who work in fulfillment centers to move into technical roles regardless of any previous IT experience. Employees without technical expertise could learn skills to transition into software engineering careers. Amazon plans to offer pre-paid tuition to train fulfillment center associates in high-demand occupations of their choice, among other options.
Amazon said its U.S. workforce will reach 300,000 employees this year. The fast-growing, highly skilled jobs included data-mapping specialists, data scientists, solutions architects and business analysts.
There are now more job openings in the country — 7.4 million — than there are unemployed Americans — 6 million — Amazon said, citing the U.S. Bureau of Labor Statistics.
Jason Tyszko, vice president at the U.S. Chamber of Commerce Foundation, says “The challenge is not just adapting to new technologies, but adapting to the dynamism of the economy, which will only accelerate.”
- A quarter of employers that require degrees for entry-level jobs accept credentials in place of a degree
- Recruiters and students agree there is a soft skills gap
- Institutions need to invest in business models to support lifelong learning
Student and employer perceptions around the value of college degrees are evolving. Sixty-two percent of students surveyed enrolled in college to improve their job prospects but only 39 percent believe they will be very prepared for the workplace when they graduate.
On the employer side, only a third of entry-level, salaried jobs require a college degree and a quarter of employers will accept credentials in place of a degree. Recruiters and students agree that there is a skills gap, especially around communications and critical thinking. And these soft skills will become even more important as task-based work shifts to machines.
January 4, 2019, Lowe’s Companies, Inc. announced plans to hire more than 65,000 associates this year to improve customer service and product availability.
- More than 50,000 seasonal positions as Lowe’s positions itself as the go-to home improvement retailer for customers’ spring indoor and outdoor projects.
- Nearly 10,000 permanent associates as part of a Merchandising Service Team (MST) focused on best-in-class inventory management, which includes the execution of critical tasks such as general bay service and resets.
- Approximately 6,000 full-time assistant store manager and department supervisor roles to improve customer service and leadership.
- More than 2,000 technology roles, including software engineers, data scientists and other digital positions, to build and enhance core technology capabilities and deliver on our omnichannel strategy. The first 500 of these technology positions will be posted and filled throughout 2019.
Research study reveals that there is severe shortage of qualified talent in the country has left over 4,000 mid and senior-level job positions vacant in the artificial intelligence (AI) sector. Around 57 per cent of firms hiring for AI roles are looking for candidates with over five years of experience, while the average AI candidates has three years of experience.
It seems that academic and training programs just can’t keep up with the pace of innovation and new discoveries with AI. Not only do AI professionals need official training, they need on-the-job experience. Therefore, there aren’t enough experienced AI professionals to step into the leadership roles required by organizations who are just beginning to adopt AI strategies into their operations.
MIT wants to solve the problem and has