A new academic program, Next Mile, provides drivers employed by participating DSPs with up to $5,250 per year to access more than 1,700 academic programs, including bachelor's and associate degrees, skill certifications, and high school completion courses.
Amazon also announced the addition of a 401(k) plan to the suite of services available to DSPs and is providing DSPs an estimated $60 million over the first year to help these small business owners match employee contributions.
Amazon continues its commitment to providing access to the tools and resources small businesses need to build thriving teams, while helping drivers reach their career aspirations.
These new benefits from leading providers and additional rate increases for DSPs to offer competitive pay to their drivers total a more than $450 million investment over the next year.
The Next Mile program enables DSPs to support and invest in their drivers who want to build new skills to help them achieve their career aspirations.
The program is offered by InStride and was inspired by Amazon's Career Choice program, which offers college tuition prepaid to more than 750,000 hourly Amazon employees.
Next Mile provides participating DSPs and their drivers access to technical training and upskilling opportunities to help them advance their careers. DSPs and drivers will have access to skill-based programs, GEDs, or degree programs at educational institutions across the United States.
The program also provides access to curated career pathways to help participants identify educational programs and career options based on skills and interests.
Next Mile will be available to all participating DSPs and their teams starting in January 2023, with Amazon reimbursing DSPs for tuition expenses for all eligible drivers.
More than 70% of DSP drivers expressed that retirement savings is a critical benefit, which is why Amazon will now offer a 401(k) program to U.S. based DSPs and support owners in matching contributions for drivers.
Amazon will provide DSPs an estimated $60 million in the first year to help offset the costs for DSPs that match employee contributions to their teams' retirement savings and reimburse 100% of the administrative costs through a leading provider of retirement savings benefits. ■