1. Business Simulation Seminar
Future Issues
for
Managers

2. The Changing Workforce
Average age of workers is increasing
Source: politicalcalculations.blogspot.com

3. The Changing Workforce

4. The Changing Workforce
Source: IBM

5. Changing Workforce
Workforce Projections, ; Race and Ethnicity Percent (BLS)                                      

6. Management Implications
What affects will this have on
Motivation?
Training?
Retention and loyalty?
Where will workers come from?
Diversity
Challenges
Advantages

7. Changing Education \

9. Changing Education

10. Management Implications
First, always beware of trends based upon 2 years!!!
What if this does come to pass?
Where will educated labor come from?
What kinds of jobs will people have?
What are the macroeconomic implications?

11. Changing Demographics
New workers are
Connected
Cell phones, PDAs
Text messages
Technically literate
Short-term focused
Put a premium on life-style
Culture
Location

12. Management Implications
How to motivate them?
Retention - how to keep them loyal?
How to use their skills productively?
Question
How will technology, such as texting, change the business environment?
Business memos?
Spelling?
Meetings?
Does all technology increase productivity?

13. Changing Government Government is
Buying equity in financial institutions
Has bailed out businesses
Increasing business regulation
Examples?
Considering raising corporate tax rates
What are the management implications?

14. Changing Market Global competitors Changing customers
Demographics
Incomes
Ethnicity
Tastes
Changing technology affects
Products
Customers

15. Future Issues for Managers
Changing
Workforce
Government involvement
Markets
Managers must
Plan for change
Be flexible