Firing workers costs big companies like General Motors billions — here's why retraining them could be a better bargain

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Firing workers costs big companies like General Motors billions — here's why retraining them is a better bargain

Accenture recently invested in a"Job Buddy" software that retrained 300,000 employees at risk of losing their jobs to automation. After the program, these employees kept up excellent performance.labor leaders such as KPMG global chairman Bill Thomas and Wharton professor Adam Grant"I have an incredible team that knows our organization, they know our values, they know what we stand for, they know what we care about, and the investment that we can make in reskilling them ...

. Nearly all government subsidies to workforce training goes to people 24 and under — and the US ranked at the bottom of developed countries in taxpayer-funded retraining, according to The Journal.

 

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Not hiring employees who aren’t right for the job in the first place is a much better approach.

Yup!

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