Millions Being Spent to Retrain Employees.

Photo by Amy Chodroff

Dallas (WBAP/KLIF) – Amazon is set to retrain 100,000 current workers before technology changes the way many employees do their jobs. The company plans to spend about $700 million to retrain a third of its U.S. workforce. The proposed training is voluntary and mostly free to workers.

According to Jeff Wilke. Amazon’s chief executive of world wide consumer business, “technology is changing our society and its certainly changing work.” Rapid digital transformation requires high-tech job skills and more U.S. companies want to help existing employees transition to new roles.

A major challenge facing many corporate retraining efforts is that employers often struggle to predict which skills employees will need even in the near future.

The current unemployment rate is 3.7% but for tech workers it’s 1.3%, the lowest rate in 20 years.

Copyright 2019 WBAP/KLIF 24-7 News.  This report contains information form the Wall Street Journal.

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