...articles, how important has the influx of foreign-born workers been to the U.S. workforce? In your opinion, will this change in the future? It is interesting that there are so many varied opinions on immigration and the basic reality is that immigration is very important for the U.S. economy. Any time there are declining birth rates, immigration is important to keep the economy moving and ensure there is enough activity to ensure stability and growth. Without an influx in foreign-born workers, the workforce will not have enough contributors to fund the necessary programs to support those workers that have reached retirement age. Immigration has always been important to the economy of the United States. While there are some that express concerns like over population and fewer jobs for native born workers, the reality is that the aging population and falling birth rates drive a necessity for foreign-born workers. This may especially be true in growth areas that involve technological advancements. There has been an influx of foreign born, highly educated workers that help drive the economy and push it towards a growth cycle (Matloff, 2013). The importance of these workers cannot be overstated, any economy must be tied to innovation to help it sustain and improve. 2. How do the changes discussed in these articles affect a firm’s ability to develop Human and Social capital? Understanding the demographic of the work force is vital to developing human and social capital. Change...
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...by the diversity of its workforce, and has implications on the growth and success of an organization. Finally, this case can be used to provide an example of the evolving need for change faced by global companies in their efforts to remain competitive. This case can be used to 1) Identify specific value changes precipitated by globalization in recent years 2) Increase awareness of the managerial implications of cultural as well as demographic changes for developing appropriate HR strategies and programs 3) Understand the concept of generational identities in a fast-changing economy, such as South Korea 4) Expand understanding of generational cohorts, by comparing and contrasting South Korea and the U.S. 5) Appreciate the critical importance of an organizational culture in laying the foundation of a robust HRD philosophy 6) Learn to develop solutions and HRD strategies based on a thorough analysis of an organization's environment 7) Appreciate that even strong organizational cultures need to adapt when faced with changing demographics and specific challenges This case can be taught at an advanced undergraduate or graduate-level course in human resources management, organization change and/ or international management. It presents a discussion opportunity to evaluate the mutuality of an organizational culture and an HRD Centre. It is evident that development of HR philosophy and programs is influenced by the diversity of its workforce, and has implications on...
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...Demographic Paper HCS/490 February 17, 2014 Professor David Dye, MPA Introduction The world is facing a situation without precedent: We soon will have more older people than children and more people at extreme old age than ever before. As both the proportion of older people and the length of life increase throughout the world, key questions arise. Will population aging be accompanied by a longer period of good health, a sustained sense of well-being, and extended periods of social engagement and productivity, or will it be associated with more illness, disability, and dependency? How will aging affect health care and social costs? Are these futures inevitable, or can we act to establish a physical and social infrastructure that might foster better health and wellbeing in older age? By 2050, the U.S. Census predicts that 19.6 million American workers will be 65 years or older, roughly 19 percent of the total U.S. workforce. In fact, the number of individuals in the labor force who are 65 years or older is expected to grow by 75 percent while the number of individuals in the workforce who are 25 to 54 is only expected to grow by 2 percent. By 2016, one-third of the total U.S. workforce will be 50 years or older — a group that may number 115 million by 2020 (Heidkamp, Mabe, & DeGraaf, 2012). The Baby Boomers make up a significant portion of the U.S. population, and, as the Boomers age, the percentage of Americans over 65, those that utilize the bulk of health care...
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...Alonzo Branch Argosy University B6027: Perspective in Change Leadership Module 1 Assignment 3 June, 14, 2013 Demographic Changes The ethnic composition of the United States has rapidly changed as a result of the 1965 changes in immigration policy. It will continue to be rapidly changed by the continuation of that policy, and, if immigration is increased, as currently proposed, the U.S. population will be even more rapidly altered (Martin, 2006). Estimates indicate that, by 2050, the number of people 65 or older will have grown by 135% since the start of the millennium, rising from 12.7% to 20.3% of the total population. As quality of life and health care improve in the United States, we are also living longer. Over the last thirty years, the number of people 90 years old or above has tripled, according to the US Census (Little, 2013). According to U.S. Census Bureau projections, the United States will face dramatic demographic changes over the next one hundred years. Indeed, the country will be entering largely uncharted territory. In the twenty-first century, the population is expected to grow more slowly than ever before over an extended period. The population will also age rapidly, with the share of the population over 65 climbing to a succession of new record highs. Finally, the United States will once again become a nation of immigrants (Martin, 2006). The Mexican immigrant and heritage segment of the population shows the greatest increase (by 345%). This...
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...Demographics – Impact of the Aging Population Your Name Here University of Phoenix HCS/490 Health Care Consumer – Trends and Marketing Demographics Demographics is the study of the population as it pertains to particular geographic areas concerning age, sex, race, income, disability, and a host of other determining factors. Demographics of a population can be obtained through various means, the of the most reliable is that obtained through the government census. As instructed in Article 1, section 2 of the Constitution of the United States, the Constitution requires a census of the population every 10 years. The purpose of this is to obtain a correct count of the population for determining the number of representatives for each state to seat in Congress. The government also uses the collected information and breaks the demographics down according to state, counties, cities and towns for a true picture of the population of these areas. With this being known, the government uses this information for the distribution of monies for the various demographic needs of the population. Each individual of every age, sex, race, income, and disability has different needs, and as a result affects each geographic location differently. The Demographics of Monroe County, Michigan Monroe County, Michigan has a population of 152,949 as of the 2008 population estimate (U.S. Census). This reflects an estimated population increase of 4.8% from the 2000...
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...which can be sent over a wire rather than physically relocated. Vales (2007) stated that the future may be hard to predict, but may not be hard to prepare for. Insurers are in close encounter with the tough new business, investment and regulatory environments that are emerging from the financial crisis. The article continued to state that the insurance industry however, also faces far broader challenges. Demographic shifts, the rise in power of the emerging markets and changing customer behavior will all help shape the sector’s longer term future. Insurers who can anticipate and plan for change can create their own future. Others who are “fast followers” will need to be agile enough to recognize the leaders and adopt similar strategies. White, (2009) wrote that many factors are contributing to the increasing diversity in the workplace, factors such as the rising numbers of immigrants, mergers or joint ventures with companies in other countries, the rising use of temps and contract workers, and the increasing globalization of business are a few of the forces making the workforce more diverse on a daily basis. White (2009) continue to state that because of this rise in diversity, human resource personnel are scrambling to match benefits with newly diverse employees in order to compete for the best-qualified workers. Aspray et al. (2006) mentioned that computer science and technology have been stunningly successful in forging a global market. Through these...
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...Demographic Paper: Baby Boomers Impact Your name HCS/490 Teacher name When it comes to the Baby Boomers Impact towards the Health Care Systems, there is only one that may wonder how they will as Baby Boomers population and their demographics impact health care systems in future generations. The subject of this reading will address this question and focus on the Baby Boomers population demographics, and explain the changes these demographics will have on health care systems in regard to patient’s needs and services. Along with explain the way demographic data informs companies the way services or products can successfully be marketed to Baby Boomers and how communities and the society needs to work together to correct demographic challenges Baby Boomers will encounter as they age. Population Demographics Most individuals tend to relate to the phrase Baby Boomers to oneself, father, mother, aunt, and uncle or even a grandfather or grandmother. According to the Unites States Census Bureau (2009), describes Baby Boomers as individuals born between 1946 and 1968 and as of 2009 there were 77,329,698 Baby Boomers living in the United States. The American elderly population based on the United States Census Bureau is rapidly growing therefore so will the impact on changing demographics. Impact of Changing Demographics on the Health Care Market According to the Bureau of Labor Statistics (2007), the impact that Baby Boomer changing demographics will have...
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...Final Research Paper-Multicultural Workforce COMM/215 December 1, 2014 Introduction-Worldwide Telecommunications Company Globalization is a process of interaction and integration among the people, companies, and governments of different nations. It is driven by international trade and investment and aided by information technology (The Levin Institute, 2014). Indeed, globalization has made our world smaller. As the markets for products, services, labor, and capital increasingly integrate worldwide, we are witnessing the increasing economic, cultural, demographic, political, and environmental interdependence of different locations around the world (Elfrink, 2014). In his book The World Is Flat, Thomas Friedman perfectly captured the essence of today’s new era of globalization. By flat, Friedman meant that the world is connected. The lowering of trade and political barriers, and the exponential technical advances of the digital revolution have made it possible to do business or almost anything else, instantaneously with billions of other people across the planet (Friedman 2005). However, with a more global business environment comes a host of new challenges including managing a multicultural workforce comprised of people with widely differing backgrounds. In a multicultural environment, where the meanings of various behaviors and practices are as diverse as the people demonstrating them, incorrect assumptions could easily lead to miscommunication (Lankard, 1994). The...
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...The Future for U.S. labor The United States is facing a challenge in finding work for workers who have been unemployed since the recent recession. After many years of leading the manufacturing industry, the recent economic crisis, as well as the growth of the competitive global market, has caused many U.S. factories to shut down, and in turn caused a rapid decline in employment of U.S. workers (Baily, Manyika, & Gupta, 2013). However, simply employing the U.S. workers will not solve the high unemployment problem the country is facing. In this global marketplace, the United States will not only need to make improvement in the economy to create jobs that are robust and sustainable, but will also need to build a workforce that is strong and trained with the right skills (Baily & Bosworth, 2014). This paper will first look at the significant events of the history of U.S. labor to understand the current situation of the U.S. economy and how it has affected the workers. In this paper, U.S. labor, workforce or labor force refers to a pool of people who are employed in the United States. Since manufacturing is a significant source of employment for U.S. workers, the government has made advanced manufacturing as the center of its economic agenda to help with recovering the U.S. economy. Advanced manufacturing, as described in the President’s Council of Advisors on Science and Technology (PCAST) report, is an effort to improve the U.S. industry in systems engineering using...
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...industry and Weyerhaeuser is highly reliant upon six different segments. These segments are: demographics, economics, political/legal, sociocultural, technological and global. The environment within which a company operates is directly influenced by what is going on in each segment. Weyerhaeuser must constantly analyze the surrounding environment through scanning, monitoring, forecasting and assessing, to determine the environments changes and its subsequent effect on the company. Over the past decades the timber industry has had minimal demographic diversification. However, within the last decade they have recognized a demographic change within the U.S workforce and have mounted an aggressive campaign to recruit and develop job opportunities for women and minority groups. Weyerhaeuser, knowing that their current workforce is ageing has made it a priority to update their recruitment plans for new employees. Having seen class action lawsuits against other large companies for alleged gender and racial discrimination2, Weyerhaeuser is determined to change the internal culture of the company to incorporate women and minority groups into its workforce. Another issue for bringing in a diverse workforce for Weyerhaeuser has been its consumer market. In many states Weyerhaeuser’s markets are made up of a significant portion of an ethnic group. This has urged Weyerhaeuser to hiring a workforce that is supportive and reflects its consumer market.2 The economic segment of the timber industry...
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...compensation strategies. Currently women make less than men for doing equally comparable work in many industries. In order to design a fair and transparent structure we can follow a pay for performance pay structure. This incorporates values that are important to a companies HR strategy and business strategy that untimely reflect the business to the public and possible talent. In today’s market, organizations are facing a gender pay gap issue. Currently women in the labor market can make less than a man for a number of different reasons. Through research and investigation we determine how we got into the situation we are in today, concerning demographics and historical changes; and what actions we take from here to ensure equality within the workforce across each gender concerning pay structure. The demographics of today’s workforce are significantly different than those of the early 1920’s. Our massive industrial boom caused the need for employees to skyrocket. The products that came into the market made everyday life easier such as radios and the finely tuned automobile. However, at this time, women were often contributors to other industries where they could use their knowledge of household items and techniques. The United States Department Of Labor states, “Prior to World War I, of all women employed in the manufacturing industries, three-fourths were making wearing apparel or its materials, food, or tobacco products” (2015). With World War II in full effect in the coming...
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...Introduction The United States workforce will be influenced in the next 20 years by several forces. The big shift in U.S. population size and composition (diverse, aging); advanced technology; globalization; and environmental and resources pressures. Technological advances and globalization are changing the way the workplace is structured, and creating a greater demand for less traditional and more flexible working arrangements. U.S. organizations to be able to respond effectively to globalization, and technological advances challenges, must have a workforce with greater range of experience, knowledge, and skills. Effective diversity management, skills development, and workplace training is very essential to stay competitive in a global environment. In addition increase labor productivity will be required to keep pace with global competitors. Environmental pressures, especially climate change and natural resources, will be another powerful force impacting the U.S. job market in the next 20 years. There are several factors that will influence the United States workforce in the next 10 years. Aging population, technology advances, and global competition. According to the bureau of labor statistics, the percentage of older workers (age 55 and over) will increase significantly, while those age (25-54) will decline, as well as those age (16-24)? Between the years 2005 and 2010, the population of (65-69) years old will rise by 17% and then explode...
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...Product Description MGT 380 Week 3 DQ 1&2, 1– It is important for a leader to be able to manage across cultures because the business place is no longer confined by location. Communication has changed dramatically and is technologically-focused in today’s market. This difference in communication technology has broken down distance barriers, allowing business to be done in more than one location at a time. According to our textbook, “First, the U.S. population is changing, which affects workforce demographics. Second, globalization, or the increasing integration of regional and national economies, is changing the way the world does business,”(Weiss, 2011, pp. 120-121). The workplace requires emphasis on cultural diversity to thrive. An Introduction to Leadership states, “Companies are now able to conduct business on a global scale, employing people all over the world through outsourcing and recruiting talent. Professionals can fly from country to country for meetings or simply hold a video conference call. The U.S. workforce is affected at all levels, as people of different educational backgrounds, generations, and cultures interact,”(Weiss, 2011, p.121). 2– In the case of Zappos, the organizational culture influences the leader. According to our textbook, “As CEO Tony Hsieh stated, “We’ve actually said no to a lot of very talented people that we know can make an immediate impact on our top or bottom line. But because we felt they weren’t culture fits, we were willing to...
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...choice than to change. 2. Business is any organization that provides goods and services in an effort to earn a profit. 3. 3. Explain the role of business in the economy. 4. What are the 5 dimensions of the business environment? Discuss the key elements in each area as they relate to U.S.-based businesses. 5. The Changing Face of the Workforce - According to the 2010-2011 Occupational Outlook Handbook published by the Bureau of Labor Statistics, the composition of the American workforce is projected to shift between 2008 and 2018. The most obvious shifts are expected to occur in demographic groups based on race/ethnic origin and age. The following charts represent the projected percentage changes in specific race/ethnic origin and age groupings: Race/Ethnic Origin 2008-2018 % Change White -2.00% Black +.60% Asian +.90% Hispanic +3.30% Other +.50% Age (years) 2008-2018 % Change 16-24 -1.60% 25-34 +.50% 35-44 -1.90% 45-54 -2.70% 55+ +5.80% Discussion Points A. What factors contribute to these projected demographic changes in the workforce? B. The largest projected...
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...Research Brief N AT I O N A L D E F E N S E R E S E A R C H I N S T I T U TE China and India The Asian Giants Are Heading Down Different Demographic Paths RAND ReseARch AReAs ChiLDREN AND FAMiLiES EDUCAtiON AND thE ARtS ENERgy AND ENviRONMENt hEALth AND hEALth CARE iNFRAStRUCtURE AND tRANSPORtAtiON iNtERNAtiONAL AFFAiRS LAW AND BUSiNESS NAtiONAL SECURity POPULAtiON AND AgiNg PUBLiC SAFEty SCiENCE AND tEChNOLOgy tERRORiSM AND hOMELAND SECURity C hina and India, the world’s most populous nations, have much in common: Each has more than 1 billion residents; each has sustained an annual gross domestic product (GDP) growth rate over the past decade that is among the world’s highest—9 percent for China and 7 percent for India; and each has been among the world’s most successful in weathering the storm of the recent global recession. Yet a closer look reveals stark demographic contrasts between the two nations that will become more pronounced in the coming decades. These differences hold implications for China’s and India’s relative economic prospects and point to sharply different challenges ahead for each nation to sustain and build on recent economic growth. Abstract Demographic contrasts between china and India will become more pronounced in the coming decades, and these differences hold implications for the countries’ relative economic prospects. china’s population is larger than India’s, but India’s population is expected to surpass china’s by 2025. chi...
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