Competitive Global Job Market Strains Employees By Fred Maidment

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Competitive Global Job Market Strains
EmployeesByFred Maidment

• Presented by-
• Manish K Lal

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Its a jungle out there!

• How to survive (and thrive) in the job market

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You have a better chance of winning the lottery
than finding a job . . .
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Agenda

• Overview of job market and trends
• How bad is the situation?
• Where are the new jobs?
• Dont become a commodity?
• The challenge is yours
• Emerging opportunities
• Marker realities
• Challenges
• Job strategies

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National Job Trends

• Flat or weaker labor market
• Growth in service producing industries
• Unemployment claims reaching high point

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Statewide Job Trends

• Unemployment rate of 6.6
• Jobless rate highest in NorCal
• SoCal strongest growth region

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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 Indias success

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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.

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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

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Wages -- U.S. v. India

Sources McKinsey Quarterly and Asia/Pacific
Research Center
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How bad is the situation?
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How bad is the situation?
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How bad is the situation?
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How bad is the situation?
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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

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Emerging Opportunities

• Strategic and Discretionary
• Knowledge Management
• Business Intelligence
• Process Management
• Technology Alignment
• Real-Time Business Operations
• Enterprise Integration

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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

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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

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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

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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

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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

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Job Strategies

• Its a mind-set
• Self promotion
• Skills-oriented approach

The image of Curious George is from the Houghton
Mifflin publications with which it is
associated.
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Dont become a commodity
We need to market ourselves and inform people
about our skills. We need to package our
expertise to these new companies and people.
2002 SCOUG Retreat "What Are the Skills Needed
for Tomorrow?"
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Skills ID

• Expert at packaging and
• delivering info in different
• formats
• Market analysis
• Negotiation skills
• Proactive customer service
• Financial analysis
• Knowledge management
• Competitive information
• Sales skills
• Conduct needs assessment
• Others . . .

• Ability to conduct research
• Use critical thinking
• Critically analyze, organize and
• present info
• Ability to work with people at
• all levels
• Comfortable with cutting-edge
• technology
• Information organization
• Strong people skills
• Service oriented
• Effective communicators
• Knowledge of information
• resources

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Job Search Fears

• Fear of acquiring new skills
• Fear of job hunting
• Fear of requesting help
• Fear of rejection
• Fear of competing for the job

From Barry Weisband, career advisor at the Worker
Career Center
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Its a jungle out there!

• Think of your career search as a job itself
• Narrow your focus
• Network, network, network
• Explore different options
• Know the marketplace
• Create a winning resume
• Create a pitch
• Develop strong interviewing skills

From Job-Hunting Basics roberthalf.com website
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Become a Change Agent

• Think impact
• Think future
• Think creatively
• Think change
• Think others
• Think open communication
• Think technology
• Think innovation

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The challenge is yours
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