Retailers upskill staff to fill gaps

I'm a big fan of this initiative. There are plenty of workers who don't have the right skills TODAY for e-commerce and digital experiences. But they could have the right skills TOMORROW. That's why these retailers, including Levi's, Target, and Verizon, are offering to train employees on the new skills they need to compete. It makes sense to invest in employees who already are aligned with the brand and want to continue with their employer. From the article: "McKinsey & Co. estimates that replacing an employee can cost 20% to 30% of an annual salary on average. By contrast, retraining an employee costs less than 10% of annual pay." If you have good people who are already dedicated to the mission, investing in them makes good sense for the employee experience and for your customer's experience. How are you investing in your employees for the future? #employeeexperience #retailing #employeeengagement #careers

The hard truth is that many companies haven't placed a priority on training and employee development in a long time. While the silver lining of the worker shortage is a renewed focus on reskilling, companies are doing so because they can no longer simply hire-and-replace, plug-and-play employees anymore. 'Professional development' is often a phrase thrown around during the hiring process and in corporate values, but too often, it's jargon. From tech and finance to retail, many workers lack the necessary skills to address modern business challenges. Reskilling needs to go beyond just training employees with new skills and must include coaching, regular check-ins, and career goal setting. The hope is that these reskilling and retraining efforts actually become a mainstay rather than a short-term desperation fix https://lnkd.in/gF6NJef #reskilling #retraining #coaching #employees #workers #business #hiring

The Wall Street Journal has just featured how retailers in the US are upskilling their employees from within since data science, artificial intelligence, and machine learning are playing crucial roles in the businesses?as more shopping shifts online. https://lnkd.in/gCqYZdT After all, it costs about 20% - 30% of an annual salary replacing an employee while it retraining an employee costs less than 10% of annual pay retraining an employee! Reskilling is definitely the answer!? The article also mentioned how Levi Strauss & Co. and Choice Market employees leverage their new skills and applied to their roles straight away. This is similar to what Decoded does, we work with different organizations to upskill or reskill their employees, doing the people part of the digital transformation from within to equip the organizations for the new world. This is the future and is your organization ready for the change from INSIDE OUT? #digitaltransformation #futureofwork #newskills #newowrld #insideout?#peoplefirst?#upskilling #reskilling ?#nextdecade #data?#ai #artificialintelligence #machinelearning #traininganddevelopment #education #decoded

Lots of adjustments needed to move past the current #workforce disconnects : Retailers Try to Solve Labor Imbalances by Reskilling Staff. #talent #upskill The Wall Street Journal

Some retailers are grooming their own data scientists after the pandemic accelerated the shift to e-commerce. Levi’s offers a boot camp.

The job market has shifted dramatically over the past year - here are a few considerations to help candidates with their job search: - Consumer behaviour has mostly shifted online and many businesses have largely invested in their digital transformation journey. E-commerce is the future of retail and an industry going through a hiring surge at the moment - Lockdowns and restrictions are easing up slowly and holiday season is round the corner. Hospitality industry is looking to fill those gaps - Tech tech tech, the buzz word of the past and the new decade, the rapid rise of the digital age is opening up opportunities in the tech space (software engineering, data science and the likes). Upskilling is key here to tap into these roles What other industries are booming in 2021? #gethired #jobsearchtips #careeradvice