This Week's Herman Trend Alert Women---Expanding their Sphere of Influence

The Herman Trend Alert June 20, 2007 Global War for Talent Employers worldwide are stressed. They're challenged to find, engage, and retain the skilled workers they need to manufacture their products and serve their customers. Some companies have had mission-critical jobs open for more than a year. One hospital has been looking for a physician for three years. Consultant Ira Wolfe's "Perfect Labor Storm" is here. What's behind this "storm" is a combination of years of low birthrates in the developed countries with unprecedented global prosperity and shortages of trained workers. Complicating this difficult situation is the competency deficit and a lack of leadership. When the schools are not adequately preparing young people for work or college and employers haven't been training their next generation of workers, it is a set-up for disaster. In some countries, notably Mexico and China, the productivity simply isn't there. According to fellow futurist Edward Gordon, "the productivity of China's workers is only 14 percent of their United States counterparts." When Joyce spoke at the first Human Capital Conference in Japan, back in 2000, the VP HR for Intel Asia complained that his productivity was one-third that of their US operations. And the wages in both India and China are growing exponentially. According to a study by the World Bank, titled "Global Economic Prospects 2007", real wages in China appreciated a whopping 110 percent between 1989 and 2004. Advancing technologies address some of these deficits, but they only increase the demand for more highly skilled workers---in short supply. Offshore, though we find the schools in India, Germany, and elsewhere doing better at job-preparation, the training is insufficient to meet the increasing demand. Going forward, retaining and engaging top talent (being an Employer of Choice(R)) will be the global strategic competitive advantage. Not surprisingly, Singapore-based Universal Network Intelligence has engaged Joyce to deliver a two-day workshop on Advanced Talent Engagement in early August. Different from the domestic Employee Retention Specialist™ Certificate Program (http://www.employeeretentionspecialist.com), this customized learning experience will include numerous case studies of multinationals operating in Asia. Visit http://www.uninetintelligence.com/pdf/SGT128_TE_CoverPage.pdf or contact Ashley Koh at Ashley@uninetintelligence.com. This global tightening of the labor marketplace is only the beginning. © 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." EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Employer registration is now open with loading by February 15th. Candidate loading begins March 1st. Expect 25-30 employers and an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration begins NOW. To register or request additional information, contact VetJobs at 877-838-5627 or email info@vetjobs.com; Employers: Mention the Herman Trend Alert to receive a Bonus. LOOKING FOR A UNIQUE VALENTINE’S GIFT? Give the gift of leadership advice in our weekly Lessons in Leadership to help your supervisors and managers remind your leaders about what’s really important The 52-week subscription is only $47, a bargain when you think about the savings to your organization in reduced turnover. Quantity discounts available by emailing Joyce at joyce@hermangroup.com. http://www.hermangroup.com/store/subscription_all.html#3 Order today! PREVENT EMPLOYEE TURNOVER IN 2012 Yes, you can prevent costly employee turnover, when you train your supervisors, managers, and executives. They will learn dozens of low and no-cost strategies and tactics that they can implement right away. We have an impressive track record and stand ready to help you. Call Carl at 336-210-3547 for a no-obligation conference call. 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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