Before reading this article click on this link - https://www.scottmcleod.org/didyouknow.wmv.
Most people look at this presentation and are stunned. The only thing they are able to say is “Wow! After looking at this and doing a little research on the data, it occurred to me that the only way American business can retain its global leadership position is to quickly figure out a way to harness the ingenuity of its employees, provide on-going training and development for everyone from new hires to long-term employees and also provide career vision and movement for its people. American business should start planning for this shift NOW!
What does this mean for your business?
- Survival means developing a culture of keeping your good people and quickly weeding out those who are not a fit to your organization.
- Companies that do not have a strong culture of supporting career growth and training and development opportunities will experience turnover that is so high it will be difficult to operate let alone grow.
- More and more people will forsake the traditional large Fortune 500 companies for a smaller and more nimble working environment where change is the name of the game and quick change to keep up with the technological advances is expected of everyone.
- Outsourcing many of your vital functions will be necessary just to survive. Two of the fastest growing businesses are outsourcing of call centers and human resources. Quick to follow will be financial reporting and information technology.
- All of your processes, software, recruitment activities, sales and marketing techniques, etc. are probably outdated and need to be scrapped or revamped.
- Health care insurance as we know it today will not exist in 3 to 5 years.
- International recruitment will be a must for continued growth. It is estimated that the 65,000 cap on H1-B visas for Fiscal Year 2008 (October 1, 2007, to September 30, 2008) will be reached on April 2, 2007, one day after the filing window opens. Last year the cap was met in less than 60 days after the opening date of the filing window
Shift is happening and happening quickly. Planning for this shift starts now.
A high school administrator by the name of Karl Fisch put the Shift Happens PowerPoint presentation together for his fellow teachers at Arapahoe High School in Littleton, Colorado. His idea was to give the teachers something to think about with regard to the curriculum.
Scott McLeod took this same idea but eliminated some of the original slides.
A few weeks ago, Ralph Parilla, a good friend of mine and a true HR guru, e-mailed the link to me and I felt compelled to share this with as many people as I know.
Bob McKenzie, President, McKenzieHR