On-the-Job Training Preferred Over University Degrees, Study Finds

  • Amazon invests £23m in skills training for UK employees
  • 61% of UK workers prefer on-the-job training over traditional degrees
  • Less than a third believe university degree is essential for career success as it was 10 years ago
  • 79% think learning new skills important for career growth in next 12 months
  • Amazon’s Career Choice programme offers prepaid tuition up to £8,000 over four years
  • Programme covers various fields like tech, sustainability, business admin and logistics
  • Over 18,500 UK employees have participated since launch in 2014
  • Amazon UK country manager: ‘proud to expand course options for career opportunities’

Amazon is investing £23 million in skills training for its employees across the UK. A recent study by Amazon found that 61% of UK workers believe on-the-job training or apprenticeships are more valuable than traditional university degrees for career preparation. The retailer has been offering its Career Choice programme since 2014, providing prepaid tuition up to £8,000 over four years for nationally recognised courses from over 20 training providers. With new courses like information security analyst and supply chain specialist added through 2024, Amazon aims to help employees advance their skills and career opportunities.

Factuality Level: 9
Factuality Justification: The article provides accurate information about Amazon’s investment in employee training, the results of a study conducted by the company, and details about its Career Choice programme. It also includes quotes from an Amazon UK country manager that support the claims made in the article.
Noise Level: 2
Noise Justification: The article provides relevant information about Amazon’s investment in employee training and the importance of skills development for workers. It also highlights the company’s Career Choice programme and its impact on employees. The content is focused and informative without any unnecessary filler or misleading statements.
Financial Relevance: Yes
Financial Markets Impacted: The investment in employee training may impact Amazon’s workforce productivity and retention, which could affect the company’s financial performance.
Financial Rating Justification: This article discusses Amazon’s investment in skills training for its employees, which can potentially improve their job satisfaction and retention. This can have an impact on the company’s overall performance and financial outcomes.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.retailsector.co.uk