This Week's Herman Trend Alert

HR in Normal 2.0
 

  The Herman Trend Alert

October 5, 2005

Emerging Class of "Skill-Handicapped"

On September 1, 2005, the United States Department of Labor issued a report with far-reaching implications for employers, workers, and educators. While the pre-Katrina report announced that the unemployment rate had dropped to a four-year low of 4.9 percent, the average time that the 7.4 million unemployed spent searching for work in August was 18.9 weeks---up from an average of 17.6 weeks in July.

With unemployment at its lowest point since August 2001, and a growing economy, we can anticipate watching that index drop even further. The time it takes people to find a job for which they are qualified may continue to rise, particularly as skill-marginal jobs are filled.

The problem is that, as employment expands, a majority of the new jobs will require higher skill levels than are currently possessed by the unemployed. This difference between supply and demand---in skills---will limit opportunities for unprepared workers and make recruiting more difficult for employers. The problem will be exacerbated by increasing use of technology, broadening the gap between the skill- haves and have-nots.

Without aggressive training and education programs, undertaken and driven by local leaders, we will be challenged with a new class of skill-handicapped citizens. The larger the population of these workers, the higher the unemployment rate will be in a community. Gradually---and it will not take long---the skill-handicapped will become a serious inhibitor to regional, national, and international economic health.

Faced with shortages of talented workers, employers in need will be forced to hire people in other countries. This movement of jobs and labor will transcend political borders, attracting new employment opportunities to states that have invested in workforce development. In a macro sense, the same process will occur globally, stimulating economic growth in countries with a skill base to stimulate transnational movement of work and compensation.

Communities with strong skill inventories will enjoy a welcome return on investment in their education and training dollars. As we move into the future and appreciate the burden of carrying skill-handicapped citizens who are capable of performing at much higher levels, this message will become clearer.


© 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. 336-210-3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

DON'T MISS APF'S FUTURES FESTIVAL: ONLINE OCTOBER 24TH: FULL SPECTRUM FUTURES
The Association of Professional Futurists proudly presents its annual online learning experiences on Full Spectrum Futures. Network with leading futurists from all over the world. And best of all, it's free to attend, though contributions are encouraged to help defray costs. For more information, visit here.

SUPERIOR TRANSLATION SERVICES
Excellent translation services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. 5-year Bachelor Degree in Translation. Also editing and proofreading of all kinds of Spanish language documents. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at marianalesti515@gmail.com or contact her on SKYPE at marianacampora.

HOW DOES SHE DO IT?
Our author Joyce gets quoted in TIME Magazine and other national media on a regular basis. You can, too! Sign up for ExpertClick.com. You will be found by the news media and in Google search: 1. Through your personal search-engine-optimized press room by 39 topics you choose; 2. By news releases pushed out 10 ways including Google News; 3. Be found in the 2020 printed Yearbook of Experts, Authorities & Spokespersons. Save 15% when you register by October 31st @ http://www.ExpertClick.com/Discount.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_10-14-2020.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


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: 336-210-3548
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.