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  5. How in COVID can we get More of our Employees More Educated on Running an Online Business?

How in COVID can we get More of our Employees More Educated on Running an Online Business?

File(s)
How_in_COVID_can_we_get_More_of_our_Employees_Educated_on_Running_an_Online_Business.pdf (197.76 KB)
Permanent Link(s)
https://hdl.handle.net/1813/102846
Collections
ILR Student Works
Executive Summaries on Current HR Topics (ILRHR 6640)
Author
Guttman, Jenny
Reyes, Tess
Abstract

As technology has become more prominent, many businesses have transitioned at least a portion of their business online. This does not mean that jobs will be lost but instead shows the importance of reskilling employees. Although reskilling can be a great deal of effort, it offers a higher return on investment than hiring. Replacing an employee can cost 20-30% of an annual salary whereas reskilling can cost less than 10%. Overall, companies must provide their employees with adequate training so they can effectively adapt to the new way of work.

Date Issued
2020-11
Keywords
Human Resources
•
COVID-19
•
pandemic
•
online business
•
training
•
e-commerce
•
micro-learning
•
online education
•
collaboration
•
learning
•
convergence
•
workforce
•
reskilling
•
digital retail
Type
article
Accessibility Feature
taggedPDF
Accessibility Hazard
none

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