Welcome to another installment of How to Grow Your Business Like Amazon! In today's episode, Steve breaks down the new approach Amazon is taking towards its employees to further enhance their work environments, quality of life, and overall satisfaction within their role.
With an increased focus on employee acquisition, skills development, and overall retention, Amazon is striving to become earth's best employer. Listen as Steve takes a deep dive into the various initiatives Andy Jassy and the team at Amazon are implementing and how these same principles could be incorporated within your own business.
So sit back, relax, and enjoy yet another great conversation!
0:08 - Overview on Amazon's approach to their employees
4:30 - What's happening at Amazon to fulfill this vision for employees
5:20 - Fulfillment workers seeking upward mobility and professional development
8:11 - Increasing Amazon's minimum wage to $15/hr in 2018
10:30 - 76% of employees are interested in professional development opportunities
12:00 - College tuition reimbursement initiative
13:40 - The Amazon Restart Program
16:50 - David Clark's letter to employees regarding productivity
18:30 - Algorithms that help employees from getting "stuck" in a single role
22:50 - Amazon looking to raise wages for current employees
26:25 - The Amazon Effect on communities nationwide