All articles tagged with #skills training
Walmart CEO Doug McMillon discusses how AI is transforming the workforce, emphasizing the importance of skills development and adaptation, with initiatives to retrain employees and prepare them for future roles amid technological change.
The UK government plans to focus apprenticeship funding on under-21s by cutting support for postgraduate level apprenticeships, aiming to create more opportunities for young people and those retraining, but critics argue it could harm professional training and public services like the NHS.
Labour has announced plans to allow businesses more flexibility in using government funds for apprenticeships, permitting up to 50% of the money to be spent on training existing staff in high-level technical skills. The proposal aims to address skills shortages and create more training opportunities, but has been criticized by the Conservative Party and others for potentially reducing the number of apprenticeships. Labour insists the plan will foster lifelong learning and support business needs without increasing the apprenticeship levy.
Gen Z is expressing a desire for more hard skills training in the workplace, rather than focusing solely on soft skills development. A survey by Adobe found that 48% of Gen Zers want more training in technical abilities, compared to 33% who prioritize soft skills training. The pandemic has impacted social skills for all, but managers are particularly concerned about Gen Z's lack of soft skills due to remote learning. However, Gen Z feels that their education system has failed to equip them with the necessary digital skills for the workforce. With employers increasingly valuing skills-based hiring, there is a need for more comprehensive skills training to bridge the gap between what employers expect and what Gen Z has been prepared for.
Amazon has been recognized as the most desirable workplace in the US for the third year in a row by LinkedIn's Top Companies list, which identifies the best companies for career growth. Amazon's skills training and opportunities for growth were cited as key differentiators. The company is investing over $1.2 billion to provide access to education and skills training to more than 300,000 employees by 2025. Amazon also offers a comprehensive benefits package, including health insurance, paid parental leave, and subsidized skills-training opportunities.