This Week's Herman Trend Alert

Industries in Desperate
Need of Skilled Employees

 

  The Herman Trend Alert

July 12, 2006

Salaries Becoming Competitive Tool Again

For the past few years, money has not been the strongest motivator in the employment market. Meaningful work and life-work balance have become the most influential attractors. People are particularly looking for flexibility in working hours so they can enjoy more personal time.

Indications are that more people are making employment decisions based on personal values. They are looking for work that they can enjoy, people they like to work with, and a work environment that is both comfortable and pleasant. Money has not been a major differentiator, since workers have become satisfied with their earnings levels. Of course, we all want more money in our pockets; compensation has just not been a driving force in choosing between one job and employer and another.

When competition for competent employees intensifies, employers tend to emphasize earnings potential. They increase the levels of wages or salaries—and benefits-—to entice people who actually would have been happy with their current incomes. When workers have a choice for doing what they like for satisfactory incomes versus performing their preferred kind of work for higher incomes, the decisions are easy.

The monetary incentive to leave one employer and join another can be strong, especially if the income level is seen as the only difference. When employers need to increase staff, attractive compensation packages can be effective tools to lure talent from one employer to the competition.

From India comes news that as employers compete in the recruiting and retention wars, salaries have increased substantially. A recent Salary Guide published by Kelly Services reports that India has seen the highest average salary increase of 13.9 percent. The greatest movement is in the information technology-enabled industry, where a 17.9 percent average increase has been experienced.

The Kelly study, the first of its kind, showed that IT, ITes (Information Technology enabled systems), telecom, and pharma were the most active in offering high salaries and instant job offers. Companies in these sectors are expanding and increasingly need more workers.

Wise employers will strengthen non-financial bonds to retain talent, but may still find themselves caught in a bidding war.


© 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."

MIRACLE FOOD SUPPLEMENT NOW AVAILABLE
Joyce could hardly believe her eyes when she saw his latest lab results. Her husband, who had been diagnosed with Stage 2 Kidney Disease, due to decades on lithium, now has totally normal kidney function (copies of both sets of lab results available upon request). And the only thing he did differently was to take a miraculous new food supplement. Somehow, it normalizes body function by bringing energy to the cells. It has been found to lower cholesterol and blood pressure, and even reduce blood sugar to normal levels. For more information, call Naturopathic Physician Dr. Tianna Conte at 914.205.4969 or email her at DrTianna@gmail.com.

OUR OWN AUTHOR JOYCE GIOIA WILL SPEAK AT MINITRENDS 2014
Join Joyce and our friends at TFI's 3rd annual conference "MiniTrends 2014: Insight, Innovation & Strategy" on Sept. 26 in Austin, TX! Keynotes include world-renowned Futurist David P. Snyder and Bazaarvoice founder Brett Hurt. Turbo-charge your company's success by implementing MiniTrends methodology. Network, learn, and trade ideas. Use Code Herman2014 to SAVE 20% off fee. Sponsorship inquiries welcome. Visit www.minitrends.com/minitrends-2014.

LOOKING FOR A DYNAMIC SPEAKER FOR YOUR BOARD OR ASSOCIATION MEETING?
Our Herman Trend Alert author, Joyce Gioia, is a popular speaker for a wide variety of different groups. For more information about Joyce and a sampling of the topics Joyce can cover, visit http://www.hermangroup.com/joyce.html or call Carol at 336.210.3548. To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_8-20-2014.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.