This Week's Herman Trend Alert

Global Training Spending Finally
Growing Again--Part 1

 

  The Herman Trend Alert

March 9, 2005

Feeling the Pinch

Employers are beginning to feel the tight labor market. Our ongoing research with a wide range of employers throughout the United States and in a number of other countries confirms that finding, recruiting, and hiring qualified people is becoming more challenging. Stories we hear move us to say, "MUCH more challenging."

The number of job openings is increasing---at all levels. Recruiters are more aggressive now, seeking qualified people to work as executives, managers, technicians, production workers, salespeople, drivers, mechanics, and many other jobs. One FORTUNE 500 company has 7,000 openings; another needs 8,000 over the next six months. Retained search firms have difficulty finding qualified senior executives.

Human resource professionals report noticeable increases in employee departures. In several cases, we heard stories about several people leaving at once in pre- planned team resignations. Some angry workers want to make a statement; they want their employers to know that they are not happy with the way they have been treated during the past four years.

Electronic job boards report a significant increase in the volume of resumes. Aside from Monster's campaign to gather more resumes with a $50,000 prize incentive, the flow has grown considerably. Activity in the employment market is much stronger than it was just a couple of months ago. The difference is obvious. That change is important for trend-watchers who forecast future conditions. We confirm our forecast that this year will see unprecedented employee turnover and serious shortages of skilled workers.

Data from the US Bureau of Labor Statistics reinforce this trend. This agency reports that total domestic employment enjoyed an almost steady climb from February 2004 to January 2005, rising from 138,334,000 to 140,241,000: 1,907,000 people gained employment in less than a year. These seasonally adjusted statistics cover all employed persons ages 16 and over. Under these circumstances, increased attention to changing jobs is not surprising.

This phenomenon is not limited to the United States. The same challenges are being experienced around the world. Our contacts in other countries report that employers in their regions have trouble filling positions requiring skills and leadership ability as well.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3547 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

EMPLOYERS: HIRE OUR HEROES
Year-over-year listings on VetJobs.com, the largest military job board, are up 50%. The reason is simple. Veterans make great employees. They are dedicated and hard-working and many have advanced skills. Call 877-838-5627 or email info@vetjobs.com. Mention Trend Alert and receive a 10% discount on your first listing.

EDISON AWARDS' MEET THE INNOVATORS FORUM
Want to see the leading edge of innovation? Then you won't want to miss the Edison Awards' "Meet the Innovators Forum" and "Innovators' Showcase" in San Francisco, April 29th and 30th. Elon Musk is accepting their Edison Achievement Award and speaking. For more information, visit http://edisonawards.com/2014EdisonAwards/.

LEARN ABOUT YOUR EXCITING FUTURE: JOIN THE WORLD FUTURE SOCIETY
You subscribe to The Herman Trend Alert, because you are interested in the future. Now you can take that interest in what's ahead to the next level, by becoming a member of The World Future Society. Joining is easy and you won't believe the array of goodies you will receive just for signing up. Visit http://www.wfs.org/next25/ for more details on all you'll receive, including a year's subscription to "The Futurist" Magazine. You'll be glad you did!

To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_4-16-2014.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 read by over 30,000 subscribers in 87 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman 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

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3547
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.