Lowe’s uncovered a plan on Wednesday to tackle a growing skills gap in its job pool as the tightening U.S. labor store makes finding experienced workers more difficult.
The home progress retailer is launching a new workforce development program it calls “Track to the Barters.” It will roll out March 1 in Charlotte, North Carolina; Denver; Pittsburgh and Richmond, Virginia.
The policy will offer employees financial assistance to pursue certification for a typical of trade skill, such as carpentry, heating and air conditioning, electrical, plumbing and appliance shape. Eligible employees will receive up to $2,500 to complete their tuition via a partnership with Guild Education.
“The trade profession is a high-demand, high-opportunity devotee for the next generation workforce, and today, there is a massive unmet trouble,” said Jennifer Weber, Lowe’s chief human resources office-holder.
Lowe’s has forecast the U.S. will endure a skills gap of more than a half million construction-related farm outs by 2026. It hopes its initiative and other sweetened benefits will blandish workers to join the company and stick around.
The program follows Lowe’s blueprint to give hourly employees a one-time bonus of up to $1,000 due to new tax legislation. The gathering is also expanding its benefits packages for full-time workers to include longer paid parental deviate from, adoption assistance and faster eligibility for health benefits.
Through Street to Trades, Lowe’s will cover employees’ tuition for trade aptitude certification, offer additional academic coaching and mentoring, and then resolve give those people who complete the program placement opportunities for full-time determines at Lowe’s.
“We are providing unique career alternatives for our associates while also edifice a pipeline for the next generation of skilled trade workers, allowing us to superior meet the demands of customers while creating long-term educational promotes and economic opportunity for our people,” Weber said.
Following the four-city steersman of “Track to Trades,” Lowe’s will expand the opportunity to qualified part- and full-time wage-earners nationwide by the end of the year.
According to the Home Improvement Research Institute, skilled women are particularly scarce in the construction industry today. The trade group has also start that businesses like Lowe’s are constantly looking to expand their workforces, but proficient contractors face “ongoing hiring challenges.”
Just recently, Lowe’s and Retirement community Depot unveiled plans to hire more than 130,000 man combined for temporary work during the busy spring season. Diggings Depot launched a tool that allows job applicants to schedule their own in-person questions, while Lowe’s held its first marathon hiring event Wednesday.
A up to date survey by Korn Ferry of 20 major U.S. retailers that take up more than 1 million people found that those institutions believe hiring will only grow more difficult and costly. Forty percent of those retailers foretell paying higher hourly wages to retain talent, according to the consulting corps.