This Week's Herman Trend Alert The Danger of Ignorance

The Herman Trend Alert August 24, 2005 Young Entrepreneurs Drain Labor Pool Early indications suggest that the Millennial Generation, born after 1985, has a strong orientation toward entrepreneurship. They feel confident that they can achieve great results--at least earn a satisfactory living---by going into business for themselves. This population cohort is showing itself to be self-aware, astute, creative, and comfortable taking the risks involved with businesses. This scenario is a “good news---bad news” situations. While it is inspiring to see young people with a desire to create something, to try new business ventures while they are young, there is also a downside. These entrepreneurs, full of intellectual curiosity and energy, are often ideal employees for existing companies. However, if they are business for themselves, these unique human resources are usually not available to work for other employers. They are simply not interested. Employers enjoying the fruits of an expanding economy are looking for competent, creative, and motivated people to come work with them. Among the labor pools they are tapping are recent college graduates---new entrants into the workforce. Many are also looking for other young people who are not necessarily college graduates. People who graduated from college a few years ago and now have some experience are attractive to recruiters. As employers search for the more desirable self-starters, they aggressively pursue candidates who are internally driven to be high achievers. This trait is consistent with entrepreneurs, so many of the recruiters’ targets are off their radar screen. Faced with the difficulty of hiring a sufficient number of well-qualified employees, companies are outsourcing as many functions as they can. Often, the outsourcing process directs the work to small providers that have the expertise to perform the work. Entrepreneurial ventures, often led by partners that include recent graduates and others who are just slightly more seasoned, are well-positioned to catch serve the needs of companies anxious to outsource. So, in an interesting twist of irony, employers who can not seem to hire entrepreneurial younger workers are feeding the businesses that keep those desired candidates out of the labor pool. Relationships---between those who pay and those who do---are changing. © Copyright 1998-2008 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." WANT TO BE RECOGNIZED AS AN EMPLOYER OF CHOICE®? Our effective, onsite seminars, workshops, and consulting can help you get there. We offer 1-, 2-, 3-hour, and full-day programs to help you communicate what it takes to become an Employer of Choice® and inspire your folks to get it done. In the future, being an Employer of Choice® will not be optional. Call Carol at 336-210-3547 to schedule a no-obligation conference call. DON'T BE LEFT BEHIND! If you've been thinking about attending our valuable Employee Retention Specialist Certificate Program, don't delay--limited spaces remain. With the employment market heating up, many positions are literally impossible to fill. Attend this course and you will learn dozens of low-/no-cost valuable strategies to attract and retain the talent you need. Recertification credit from HRCI. Next program: September 9-10, Las Vegas. Call Carol at 336-282-9370 or visit http://www.employeeretentionspecialist.com. GET INSIDE THE HEARTS AND MINDS OF YOUR EMPLOYEES Find out what's really going on inside the hearts and minds of your employees. Our InnerViews interviewing service uses SPHRs and PHRs, certified human resource professionals to probe for the information you really need to know. Exit and Stay Interviews, as well as Why-Didn't-You-Take-Our-Offer Interviews. Call Rosalie Catalano at 937-648-1918 or read more at: http://www.hermangroup.com/retentionconnection/exit_interviews.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

[ Home · About · Products · Telebridge · Resources · Media ]

Web site design by WebEditor Design Services, Inc.