Besides the growth in the several industries mentioned above, BLS has also projected that the workforce environment would change in the direction of: Increasing global competitiveness in the productive of products and services Increasing workforce competitiveness resulting from: Outsourcing Skill competence attainment and maintenance Increased technology advancement causing: New positions requiring new skills Occupations and positions eliminated Business functions modified Higher educational and training attainment requiring more productivity and greater contribution Greater workforce diversity (e.g., minorities, men, women, lifestyles) and improved working conditions. The ongoing increase in the participation of women in the workforce and
The Workforce Matters guide for New York State agencies is a very valuable guide and relevant in 2012. It provides insight into the agency staff by recognizing the aging workforce and upcoming retirement; it recognizes the knowledge, experience and institutional memory that will leave the company once these long term employees leave. The plan addresses the changing demographic of its customers and the potential need for “new methods of service delivery and a workforce that reflects its customers”. They did not make the mistake of trying to solve staffing problems across the
Our Workforce Matters is a well-informed and useable guide on Workforce Planning. The guide presents individuals with in-depth knowledge on how to successfully create a workforce plan that is suitable for their organization. The guide provides lists, charts, and bullet points that grabs the reader’s attention and makes it easier to comprehend key points. Organizations can use this guide to ensure that their business needs are met by successfully staffing people.
5. The current labor market assessment looks good in the beginning stages of production. The information technology field has steadily been growing over the past decade. This along with the familiarity of the field has grown over the years as well. As being one of the leaders in this industry, our reputation will also serve as a great benefit of recruiting new employees for our expansion.
There is no secret that baby boomers are working and living longer. I believe a trend that will impact an organization’s ability to forecast is aging baby boomers. In a new study conducted by the United States Labor Department, “The retirement of aging Baby Boomers will reshape the job market over the next decade, leading to the smallest portion of Americans employed or looking for work since the mid-1970s, barely six in 10” (2013). Additionally, this will result in slower economic growth and less job opportunities for other generations to receive. By 2022, as baby boomers look to retire, the labor force participation rate is projected to fall to nearly sixty-two percent (2013). The industry that will be the most affected the most once they
Last, the changing is affected by some other aspect such as Ages, Ethnic Diversification and Digitizing. Thomas L. Friedman said that most jobs in U.S now is outsourced by automated and digitized. And Hudson show that the growth of Asian and Hispanic
industry has been facing challenges. The industry is in a decline. This is because people may be
Student name: Hanshee Nyeshoray Student ID: BIT0359 BSBMGT502, TASK 1 – APPENDIX 2 Employee Work Plan KRA Activities/Goals Measurements/KPIs Accountability/ Dependencies Financial $10 000 sales revenue monthly Measured by adding the number of sales orders Performance appraisals Internal process Complete and process orders within two minutes Time spent taking and completing an order Observations Customer focus Build and maintain a good customer relationship Take into consideration the feedback received from customers Interact with customers and try to solve any problem Development Continuous approach to learning (20-30 hours) The amount of time spent learning these activities Try working faster, efficiently and effectively BSBMGT502, TASK
In other words, when there is an increase in demand for labour, then salaries are likely to attract qualified workers at a higher price. Also, with companies raising their pay scale, it will attract the best employees for each job position. According to Martocchio (2013) E-Sonic will have to create a compensation package where employees will be guaranteed rewards for their contributions to the company in order to succeed in the new market venture. The U.S. Bureau of Labor Statistics release the growth stage of Computer and mathematical occupations in which they are projected to add 778,300 new jobs between 2010 and 2020, after having added 229,600 new jobs from 2006 to 2010. These figures represent 22.0 percent growth from 2010 to 2020, making the computer and mathematical occupational group the sixth-fastest-growing major occupational group. However, Computer occupations are much larger than mathematical occupations, accounting for 3.4 million of the total 3.5 million jobs in computer and mathematical occupations in 2010. Employment in computer occupations also is projected to grow faster than mathematical occupations, with growth rates of 22.1 percent and 16.7 percent, respectively. In fact, computer occupations are popular throughout the economy, its fast growth in computer system design and related services industry will continue to grow in this group; this industry accounted for just over 20 percent of all jobs in computer occupations in 2010, but will generate more than half of all new computer jobs from 2010 to
The sector conntinues to employ a much younger workforce that across the whole economy.58% of workforce is female while there is 42% of workforce of male and 44% of workforce are under 30. 14% are from black or minority ethnic (BME)
It is important to continue to attract employees but also maintain existing ones, especially with job outsourcing, as it is cheap labour you still need to ensure employees are looked after properly. Personal choice and decision making is another trend that will always be required as that is what keeps companies competitive. With regards to the BPO industry in India and the Philippines, this applies as the Philippines are becoming more competitive. Companies may start choosing the Philippines over India as they have better language skills and less additional costs. The change in demographics and the rise of the knowledge economy is another trend as companies want to outsource to countries where the workers are more skilled and have a better grasp of the English language, this again relates to Philippines over India.