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Competitive Global Job Market Strains Employees By Fred Maidment

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Competitive Global Job Market Strains Employees By Fred Maidment

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    1. Competitive Global Job Market Strains Employees By Fred Maidment Presented by- Manish K Lal

    2. It’s a jungle out there! How to survive (and thrive) in the job market ......

    3.

    4. Agenda

    5. National Job Trends

    6. Statewide Job Trends

    7. Global Phenomenon United Kingdom, European Union, Australia and Japan having similar discussions as the U.S. Malaysia, China, Philippines, Vietnam and Ghana seeking to replicate India’s success

    8. General Perspectives Global competitiveness is not a zero sum game. Every job outsourced overseas is not a job lost in the U.S. The U.S. IT industry remains the world leader, but global competitors are closing the gap. This is the new global reality for U.S. IT workers and the nation must meet this challenge head on.

    9. Drivers Recession 9/11 Dot-com bubble burst Corporate scandals Profitability driven during recession by cost cutting Global sourcing alternatives of high quality increasing Lower-paid employees overseas Less expensive locations overseas due to advances in technology and communications

    10. Wages -- U.S. v. India

    11. How bad is the situation?

    12. How bad is the situation?

    13. How bad is the situation?

    14. How bad is the situation?

    15. Apply Logic, Not Emotion Significant numbers of jobs were lost during the recession, but not due to offshore outsourcing Percentage of work going offshore is small Forrester 3.3 million count includes less than one million IT jobs Nine out of ten U.S. IT workers employed by non-IT companies Statistics indicate most of these prefer to keep work in-house Eight of ten U.S. IT workers employed by small businesses Least likely group to site work overseas

    16. Emerging Opportunities Strategic and Discretionary Knowledge Management Business Intelligence Process Management Technology Alignment Real-Time Business Operations Enterprise Integration

    17. Emerging Opportunities Operations and Infrastructure Supply Chain Management Web Services and XML Linux Filters, Firewalls, and Other Tools for Protecting the Digital Environment Wi-Fi, VoIP, Broadband

    18. Market Realities Companies Require Flexibility to Align as Necessary for Global Market Competition No country has the franchise on human capital or intellectual property for IT leadership Unlike other industries, IT value does not derive from natural resources or geographic advantages Broadband and other technologies eliminate the barriers of space and time

    19. Market Realities Global markets may require offshore approaches Many U.S. firms generate a majority of their revenue overseas Overseas customers may require high degrees of localization Offshore development may be the most effective way to localize products and services in order to penetrate overseas markets U.S. firms increasing their own overseas capacity

    20. Challenges Future demand for labor will outstrip domestic supply Baby Boomer generation retiring Next wave of U.S. knowledge workers will be smaller Total workforce size will plateau U.S. population is not growing fast – current birth rate is 0.82% Skilled worker gap to reach 14 million by 2020 Reduced access to H-1B visas may drive projects offshore in the future

    21. Conclusions Global competitiveness is not an either/or situation Economic indicators are turning positive Commercial IT spending predictions are cautiously optimistic New jobs will be created Policy trends will dictate some outcomes Offshore outsourcing is politically unpopular in U.S. but a fact of global competition Increased educational investments as well as global sourcing and immigration necessary to address long-term labor shortages Protectionism harms industry and creates backlash in the long run

    22. Job Strategies

    23. Don’t become a commodity

    24. Skills ID

    25. Job Search Fears

    26. It’s a jungle out there!

    27. Become a Change Agent

    28. The challenge is yours

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