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Skilled Trades

All articles tagged with #skilled trades

business25 days ago

Walmart Employee Boosts Pay by Joining Skilled Trades Program

Walmart has revamped its training program to address the growing shortage of skilled tradespeople, enabling employees like Liz Cardenas to significantly increase their pay and responsibilities, which highlights the broader industry challenge of labor shortages in trades due to retirements and immigration issues. The initiative aims to attract more workers into technical roles, crucial for maintaining operations and reducing costly downtimes, with plans to train 4,000 workers by 2030.

via Fortune|
#business#labor-shortage#maintenance-technicians
business3 months ago

Ford CEO Warns of Blue-Collar Labor Shortage Threatening AI and Manufacturing Growth

Ford CEO Jim Farley shared a personal realization about the blue-collar labor crisis, highlighting that many young workers need multiple jobs to support themselves, and emphasizing the urgent need for investment in skilled trades and vocational training to address a nationwide labor shortage and rebuild the stability and pride associated with blue-collar careers.

via Fortune|
#blue-collar-workforce#business#ford
business3 months ago

Ford CEO Highlights Blue-Collar Workforce Shortage as Key to AI and Economic Growth

Ford CEO Jim Farley warns that the U.S. faces a significant shortage of blue-collar workers needed to build and operate AI data centers and factories, which could hinder the country's ability to achieve its AI ambitions and sustain economic growth. The shortage is attributed to an aging workforce, restrictive immigration policies, and a lack of awareness, necessitating policy changes and increased investment in vocational training.

via Fortune|
#ai-infrastructure#business#data-centers
economy5 months ago

Gen Z College Grads Face Same Unemployment as Non-Grads, Signaling Decline in Education's Value

Recent data shows that for Gen Z men, having a college degree no longer offers a lower unemployment rate compared to non-grads, indicating the diminishing value of higher education for employment prospects. Meanwhile, many young men are turning to skilled trades and vocational training as alternative career paths, which are experiencing growth and are seen as more recession-resistant. The trend highlights a shift in the job market where credentials matter less, and practical skills are increasingly valued.

via Fortune|
#college-degrees#economy#gen-z
business6 months ago

Ford CEO and CEOs Warn AI Could Eliminate Half of White-Collar Jobs Amid Workforce Shortages

Ford CEO Jim Farley warns that AI could eliminate half of white-collar jobs in the U.S., while highlighting a significant shortage of workers in the essential economy, particularly in skilled trades, which are crucial for supporting AI infrastructure and other industries. He advocates for a shift in education focus towards vocational training to address the labor gap and capitalize on opportunities in trades, contrasting with the declining interest in four-year college paths. Other tech leaders also predict substantial job reductions due to AI, emphasizing the need for a reevaluation of workforce development.

via Fortune|
#ai#business#ford
business6 months ago

Lowe’s CEO advises young workers on AI and career priorities

Lowe’s CEO Marvin Ellison advises young workers to focus on skills and roles close to customers rather than corporate offices, emphasizing that AI won't solve practical problems like home repairs. While AI's impact on white-collar jobs is debated, demand for skilled trades such as electricians and plumbers is growing rapidly, offering promising opportunities for new graduates willing to pursue critical trade skills amid a labor shortage. Ellison's perspective highlights the importance of human-centric roles in an AI-driven economy.

via Fortune|
#ai#business#employment
business1 year ago

"Walmart Introduces Bonuses and Skilled Trade Training for Workers"

Walmart is introducing new perks for its hourly U.S. workers, including a performance-based bonus plan and opportunities to move into skilled trade jobs. The company aims to reduce worker turnover and address a competitive labor market by offering training programs in areas like facilities maintenance and HVAC, with jobs paying between $19 and $45 per hour. Walmart also plans to expand its skilled trades workforce and increase the number of skills certificates available to employees, helping them transition into higher-paying roles.

via 4029tv|
#bonuses#business#employee-benefits
business1 year ago

"Walmart Introduces Bonuses and Skilled Trade Training for Hourly Workers"

Walmart is introducing new perks for its U.S. hourly workers, including a performance-based bonus plan and opportunities to move into skilled trade jobs. The company aims to increase its skilled trades workforce from 450 to 2,000 in the next two years, with jobs paying between $19 and $45 per hour. Walmart's average hourly wage is now close to $18, and the company is also expanding its training programs to fast-track employees into higher-paying roles. These initiatives come as Walmart sees a decline in worker turnover and prepares for a virtual shareholders' meeting and a celebration event for its employees.

via The Associated Press|
#bonuses#business#employee-benefits
business1 year ago

"Walmart Introduces Bonuses and Training for U.S. Workers"

Walmart is launching new training programs and certifications to fill high-demand roles such as HVAC technicians, opticians, and software engineers, while also offering bonuses up to $1,000 per year to retain hourly workers. The retailer aims to maintain its market leadership amid competition from Amazon and high inflation, with initiatives including higher wages, stock grants, and store upgrades. Despite these efforts, Walmart faces criticism for its wages, with median employee compensation falling below the poverty line for a family of four.

via CNBC|
#business#employee-benefits#skilled-trades
labor-relations1 year ago

"UAW Workers at Ford's Kentucky Truck Plant Threaten Another Strike"

Nearly 9,000 UAW members at Ford's Kentucky truck plant are threatening to strike next Friday if local contract issues, including health and safety concerns and skilled trades erosion, are not resolved. The core issues at the plant's local negotiations revolve around minimum in-plant nurse staffing levels and Ford's attempts to erode skilled trades. The strike warning comes as U.S. labor unions push for better wages and working conditions amid a worker shortage and favorable public opinion.

via Reuters|
#ford#labor-negotiations#labor-relations
labor-market2 years ago

Skilled Trades Face Labor Shortage as Workforce Ages

A shortage of millwrights in a Canadian province has highlighted the urgent need to expand recruitment in skilled trades. The Carpenter Millwright's College reports high demand for skilled trades workers, with waitlists for industrial mechanic and carpentry programs. The aging workforce is a contributing factor to the shortage, with the average age of union members being in the mid-50s. There is also a shortage of industrial mechanics, welders, carpenters, scaffolders, and millwrights to fill the available jobs.

via VOCM|
#aging-workforce#industrial-mechanics#labor-market