UGBA �� ��� �� �&eu

UGBA �� ��� �� �&eu

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
UGBA E !E ¿ & Management of Organizations The Conceptual Framework Status Report: The Current State of the U.S. Workforce Implications for Business Fundamental Building Blocks for a Company Fast Food Wars—How to win? Developing the Management Team Status Report: The context for managing people The workforce is getting older. More Boomers in current workforce than other two generations. Average age of workforce around 45. Boomers nearing retirement. Large wave of retirements expected starting in 2010 The workforce is getting smaller—fewer people entering the workforce than those leaving the workforce. 77 million Boomers will be replaced by 66 million Busters à 11 million person gap By 2008, the number of young adult workers entering the labor force (25-40) will shrink by 1.7 million. The workforce is becoming more ethnically diverse. By 2020, US population will be 63% White, 13% African American, 7% Asian, 16% Hispanic. In CA, population will be 40% White, 60% minorities and immigrants speaking over 80 languages. In CA, Hispanic population growth rate is the highest in absolute numbers Asian population is most rapidly growing minority group in US The workforce is becoming less well-educated. High school graduation rates are declining. High school drop-out rate up to 25% for minorities. 25% of high school graduates cannot read at 8 th grade level. More jobs available that require skills; fewer jobs available for unskilled workers. 52% of high school graduates lack the basic skills required to do their jobs adequately. 80% all jobs will require some sort of post-secondary education. 97% of youth hope to go to college, 63% enroll, 30% receive bachelors degrees. By 2010, 167 million skilled jobs will be filled by only 157 million skilled workers. The Problem Too few workers coming into workforce. Widening skill gap: more skilled jobs, fewer skilled workers. Greater ethnic diversity, and more complex management . Greater competition for skilled workers globally. Implications for Business Job vacancies in areas we can least afford.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Greater need for cultural awareness and ways of managing diverse cultures sensitively. Growing segment of US workforce that cannot qualify for higher paying jobs. Increasingly difficult to retain talented people in a company. Solutions Develop the personal and professional skills of your employees—to increase the overall skill level of the workforce. Manage employees’ performance to maximize the talent we have. Increase satisfaction of workers to build loyalty and commitment. Utilize
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/28/2011 for the course UGBA 10 taught by Professor Xuanmingsu during the Spring '08 term at Berkeley.

Page1 / 14

UGBA �� ��� �� �&eu

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online