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Lowe's offers $2,500 to employees who learn a trade

Chicago 1900. Photo: Library of Congress / Corbis / VCG via Getty

In one of the hardest times to hire skilled workers in decades, Lowe's is running a pilot program offering $2,500 to its own employees if they will learn a master trade, such as electrician or plumber.

Why it matters: After four months of 4.1% unemployment, and the possibility it could drop to 3.5% this year, most companies are still resisting forming their own training programs to skill people up. Lowe's is an example of what we may see over the coming year and longer as companies become more desperate to fill skilled vacancies.