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%
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1. One marketing opportunity associated with the baby boom generation is that most of the baby boomers are at a point in their life where they feel secure financially and are willing to spend more money on things such as travel, whereas the younger generation may not be paid as much yet at their jobs and may have more bills than the average baby boomer. Another marketing opportunity associated with the baby boom generation is that they have more time to go on these vacations. A lot of baby boomers
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Trends Paper BSHS/305 September 22, 2014 Elizabeth Brook Morford Trends Paper Trends in the human service community basically means changes that occur over time. These trends can include changes in climate, employment, demographics, or many other things that effect the community around them. Trends needs to be shared amongst human service professionals in order for everyone within the organization to be on the same page so that everything can flow together. The fact that
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Baby Boomers In todays’ workforce there are currently four generations working together side by side. The four generations are: Traditionalists, Baby Boomers, Generation X, & Generation Y/Post-millennials. Each has their own habits, styles, temperaments, and motivations. There is too much information to cover in this one paper, so I am specifically going to speak on the baby boomers. Baby boomers were born from 1946 thru 1964, and they make up 70% of the U.S population. Most baby boomers
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significant 7% more than the people from baby boom generation, and according to experts this segment will grow even further by 2020. The economic impact of the millennials is such that they are expected to help the GDP grow by more than 3%. Figure 1 Demographics of US,source: US Census 2013 The millennials already constitute $1.3 trillion of spending by the consumers annually as estimated by the Boston Consulting Group. The economy is finally coming out of the slow growth phase; a part of the success
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War II group covers three times as many year Cohorts Versus Demographics Cohorts are often confused with the general demographics that are typically used to segment the marketplace. Demographic groupings such as income level or age are not considered marketing cohorts. Cohorts are the things that separate specific groups of people even within their demographic groupings. For example, men between the ages of 55 and 70 are a demographic grouping. Men between the ages of 55 and 70 who share the experience
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Case Study: McDonald’s With intense domestic and intentional competition in the Filipino fast-food market, McDonald’s needs accurate demographic and geographic data in order to understand the current market situation. Challenge With intense domestic and intentional competition in the Filipino fast-food market, McDonald’s needs accurate demographic and geographic data in order to understand the current market situation. Summary Company McDonald’s Philippines is a subsidiary of the Filipino-owned
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Retail Case Study: Anatomy of A Tesco Fresh & Easy Neighborhood | | BackgroundA lot of PR has been built around the much debated debut of Tesco in the US. Several sources suggest a $2 Billion commitment over the next 5 years, and stores are supposed to be opened up at the rate of 3 week per week. The company is aggressive about its strategy and is gambling big bucks on their assumptions and understanding of the US food retail market. Success will result in returns of hedge-fund proportions
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AMerican intercontinental university | Generations in an Ever-Changing Workplace | MGMT 340-1502A-03 | | Shannon Ramirez | 5/1/2015 | Gaining the respect and therefore generating the productivity and performance of a multi-generational team or employee will be discussed in this article. | Generations in an Ever-Changing Workplace What are the benefits of having a multi-generational workforce? The pace at which the workforce is changing is phenomenal. Many of the older generations
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requires educators to effectively navigate a sea of data: diagnostic and norm-referenced standardized assessment data, reading assessment data, state and local assessment data, in combination with other data related to instructional programs and demographic, attendance, and dropout trends. This new level of applied data use requires district and school administrators, teacher leaders, and classroom teachers to be data literate—that is able to use multiple types of assessment and other data to inform
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