This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Y are launching their careers • Technology has intensified the hiring challenge by requiring workers to have ever more advanced skills Changes in the Workforce- Shrinking Labor Pool/Diversity • Economists predict the U.S. labor pool could soon fall short by as many as 10 million people • The two fastest growing ethnic populations in the US are Hispanics and people of Asian origin • Blending individuals of different genders, ethnic backgrounds, cultures, religions, ages, and physical and mental abilities Changes in the Workforce- Outsourcing • Outsourcing is using outside vendors to produce goods or fulfill services and functions that were previously handles in-house or in-country • Offshoring is the relocation of business processes to lower cost locations overseas...
View Full Document
This note was uploaded on 02/09/2012 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.
- Spring '08