Amazon announced an investment of $700 million in the next four years to provide a massive training program focused on upskilling 100,000 of their employees.
For us, creating these opportunities is just the beginning. While many of our employees want to build their careers here, for others it might be a stepping stone to different aspirations. We think it’s important to invest in our employees to help them gain new skills and create more professional options for themselves.Beth Galetti, Senior Vice President of Human Resource
Labor Market Transformation
Due to the COVID-19 pandemic and the related global recession of 2020, the lockdown has accelerated the labor market’s transformation. According to The Future of Jobs Report 2020, a survey based on the interrogation of 2 500 companies in 46 countries, of the World Economic Forum, the main developments are as follows:
New ways of working, home office
With remote works, the work as known by most of the co-workers, managers have profoundly changed. How do you recruit, onboard new co-workers? How do you do communicate, train? A whole set of new skills is needed to overcome challenges, face this new reality. For many, it is like a need to reprogram our mind.
Acceleration of the pace of technology adoption and automation.
Big data, cloud computing and e-commerce are still high on companies agenda. We also see an increasing interest in encryption, artificial intelligence and non-humanoid robots.
Automation, in tandem with the recession, is significantly impacting the labour market. Even though the number of new jobs will exceed the number of jobs destroyed, in contrast to the years before, job creation is going slower compare to the job destruction acceleration.
Skills gaps: soft skills vs hard skills
When a new set of hard skills is needed for all supporting the digital transformation, soft skills are becoming a must for all. The top skills that employers see as becoming a must in the next couple of years include soft skills as:
- Communication: active listening, negotiations, emotional Intelligence, coaching tools as GROW model.
- Collaboration: team management and development, coordination
- Creativity: creative thinking, complex problem solve
- Change: Adaptability, Growth Mindset – active learning
The future of work is already a reality for a large majority of office workers. To address concerns about efficiency and co-workers well-being, employers expect to take concrete actions to recreate the spirit of community, to favorise connections and belonging among employees through digital tools, and address the well-being challenges raised by the switch to remote work.
Following the profound mutation of the labor market, upskill and reskill co-workers have become more urgent than ever. It is true for co-workers who are going to stay in their roles as well as those who most likely will lose their roles. 50% of all employees will need reskilling in the next five years.
Training program: what did you plan for yourself, your co-workers?
We’re launching, scaling and investing in skills training programs that support employees across our corporate offices, tech hubs, fulfilment centres, retail stores and transportation networks. Small and large, the programs meet our employees where they are – providing opportunities for Amazonians to get trained, at their place of workAmazon
- Finding new talents is an option but it comes with a high human cost for the ones left aside and can be also damaging for the companies, not only in term of images but also loss of history and knowledge, demotivation or the remaining workforce …
- Another option is to support and help to overcome these new challenges. by developing an upskilling and training program. Allison Dulin Salisbury in her article clearly described the new trends.
- Objective: Help me retrain my workforce relevant
- Main business ROI: Reduce redundancies, turnover, and hiring costs
- Target audience: those who need to move into a new type of job and career. The purpose is not just to improve current skills or to get additional skills but to entirely acquire new ones.
- Objective: Help me keep my workforce relevant
- Main business ROI: Productivity and competitive advantage
- Target audience: those who need additional training to stay relevant or to move forward in their existing job.
- Objective: Help me support employee who should transition to another company
- Main Business ROI: Brand image, given back to the community
- Target audience: those who won’t be able to find a new role at their current companies.
Education as a benefit
- Objective: Help me recruit and retain top talent
- Main Business ROI: Brand, motivation and productivity
- Target audience: those you see as the new company talent, high potentials, highly motivated.
Next Steps: how to make the right decisions
- How will you achieve this? By launching your own training program or apply for external support and expertise?
- Will you privilege a more traditional approach as group learning or develop the offer on your internal learning portal?
- How will you make sure that your colleagues will acquire these new skills in the long term? That the training makes more that engaged you, your colleagues and was not limited to the boost training effect, which often falls off after a few days?
Not sure how to overcomes the challenges described above and how to make the right decisions what is best for you or to support your team to acquire or improve their softs skills, check the 4C program. Need a methodologies to develop an effective training, please read;
If any questions, comments please reach out! David Gousset.