Brain Drain Essay -- essays papers

Brain Drain One of the major concerns of todays companies is the shortfall of dig up, in particular in management. The baby boomers ar nearing retirement age in the coupled States and the birth rate is dropping. These circumstances, coupled with the booming economy are the important causes of the labor shortage. There is a high call for for labor however the once seemingly bottomless pool of employees and managers that companies drew from has started to dry up. What are the factors that contributed to the problem and how are todays corporations going to handle this problem? The type of labor needed in todays society has been undergoing a constant form. There is an ontogeny in demand for cash in ones chipsers but there is a much great demand for educated white-collar workers, especially management material. Projections put forward that the harvest-feast in managerial positions leave behind increase 20% by the class 2010 yet the population aged 35-50 will dec rease nearly 10%. What these figures say is the already diminishing supply of executives is going to dwindle dismantle more over the next 10 years. There is a shortage of blue-collar workers now and there will also be an even up greater shortage of them in the future. In rewrite for employers to find peck who are willing to perform unskilled, repetitive jobs they are going to birth to be willing to raise the level of compensation offered to employees. If McDonalds needs person to flip hamburgers they better be prepared to pay double to trio minimum wage. There are a wide variety of betrothal opportunities and todays workforce bathroom afford to be selective when choosing a job. The demand for employees is high while the supply is low. The figures on the change in comely population ages and growth in industrialized nations is beginning to make the corporate world stand up and take notice. If the trends continue as they cod been for the past thirty years, the shorta ge of labor is going to continually compass worse with each year that passes. The predictions from the United States Census Bureau state that between 1990 and 2000 the increase of the American population over 60 will be 10.5% but in 2010 to 2020, the increase will be 32.5%. The change in the 60 plus population in the United States is project to nearly triple in thirty years. Compare these figures to the increase in under sixty-year-old population. From 1990 to 2000, t... ... the economic obstacles caused by an aging workforce. The companies of today are mindful of the constantly growing problem and are working towards a solution. I think that they are moving in the skilful direction. Offering flexibleness in what was once a very rigid structured pecking order is certainly a step in the right direction. People in todays world lead very different lives than they did 4o years ago. A honour profession is not exclusively defined by the income generated anymore, rewarding can al so mean personally rewarding. A good employee doesnt necessarily work 40 hours each and every week, some work part era or are involved in a job-sharing program. In order to keep the workforce meeting the needs of the economy, the employer must continue to vex more flexible and remain open to suggestions. Todays companies are on the right track. I believe that with proper management and forward thinking, we will be able to cope with the ever-increasing shortage of labor.BibliographyCenter for Strategic and International StudiesNewsweek clippingBusiness Week magazineThe Economist magazineSt Petersburg Times themeThe United States Census Bureau