The Walmart Foundation and the Aspen Institute last week unveiled a $5.5 million grant to explore business models designed to enhance economic mobility for retail workers. The Aspen Institute, known for pioneering new approaches to complex problems, will combine key findings from a number of its programs with the goal of building a system where retail workers can gain skills and achieve upward mobility.
According to the National Retail Federation, the retail industry supports one in four American jobs, for a total of 42 million jobs, with future growth anticipated.
The new partnership will not only identify clear paths for worker advancement and transition to adjacent fields, but also improve the satisfaction and engagement of workers remaining in their positions.
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The grant also supports the Institute’s 100,000 Opportunities Initiative to support a coalition of over 40 employers, primarily retailers and restaurants, working to retrain workers with the skills they need to advance in the workplace.
“Developing the next generation of workforce strategies requires a wide range of organizations coming together to play a positive role,” said Maureen Conway, vice president of policy programs and executive director of the Economic Opportunities Program, the Aspen Institute.
“Through our collaboration, we’re working to encourage innovative practices among retailers that are succeeding today by investing in their workers and building their skills. The lessons learned from the retail sector have relevance beyond retail, and will meaningfully contribute to the broader national conversation about the business practices, local programs, and public policies needed to promote a strong economy and provide expanded opportunities for all workers.”
Walmart and the Walmart Foundation are playing important roles to strengthen the workforce system beyond the company’s four walls. To date, they have donated more than $30 million in grants as part of the Opportunity initiative.