This Week's Herman Trend Alert Telecommuting to a Better Bottom Line

The Herman Trend Alert December 3, 2003 Global Demographics The characteristics of human populations and population segments, known as demographics, influence consumer markets, workforce composition, school enrollment, and a wide range of other aspects of our intricate interwoven society. The demographics of a community, a country, or the world are carefully considered by forecasters. Implications of current, changing, and future demographics can have far-reaching impacts on human conditions. The demographics of the United States shape the composition of the labor pool, guiding workforce strategists and recruiters. Who will be available to work? What personal or societal conditions will determine what sorts of people will work…and why? As our economy picks up and people have more choices about their employment opportunities and careers, what decisions will they make? What type of work will they seek? How much and how long will workers choose to be on the job? How will desired lifestyles influence their choices? Just as this issue is emerging as a vital concern in the United States, citizens of other countries around the world will face similar questions. The growing global economy will provide opportunities in many geographical areas and many employment fields. Jobs moving from the United States to other countries will influence global workforce demographics, shifting buying patterns in business and consumer markets. These shifts will create more jobs in the United States and in other countries. Observing demographic trends in various states, countries, and regions will provide insight into potential scenarios. For instance, China will experience a dramatic population aging over the next 50 years. The most recent population projection from the United Nations expects that China will have about 630 million people age 50 and above in 2050. At anticipated rates, we expect that there will be only about 78 million children below the age of 5 and just 324 million children and teenagers below the age of 20. This trend suggests that by 2050 China will have almost twice as many people above age 50 than below age 20. This example, from just one country, will influence consumer buying, workforce composition, healthcare, education, and similar major aspects of society---national and global. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." NEED HELP THINKING ABOUT YOUR FUTURE? Our futurists offer thought-provoking and penetrating insights, along with creative ideas to implement right away. Whether you're looking for a speaker or a consultant or a facilitator for your strategic planning retreat, The Herman Group can help you find a person for your needs, no matter what your topic. Call Joyce at 336-210-3548 to discuss your event. REDUCE COSTS BY LOWERING EMPLOYEE TURNOVER If you knew just how much money turnover is costing your company, you would have handled it ages ago! Turnover costs A LOT and it comes right off the bottom line. Let The Herman Group and its team of very experienced consultants help you address your turnover issues right away. We have an impressive track record and stand ready to help you. Call Carol at 800-227-3566; international, call 336-210-3547 for a no-obligation conference call. GOOD SELECTION = BETTER RETENTION If you are not using pre-employment assessments, you are flying without radar---not very smart in today's highly competitive environment. Let us help you better understand your candidates and your employees. In less than 30 minutes, you will know if they can do the job (abilities); their work behaviors, even their personality and attitudes (like integrity & ethics), and those can't be trained. It's very cost effective, too! For more information, contact Joyce at 336-210-3548 or e-mail assessments@hermangroup.com. Validated for many countries and cultures. We offer in-depth help with job descriptions, too! http://www.hermangroup.com/assessments.html. Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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