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Red Alert Report
What's really going on in the employment marketplace? Find out when you read the 2006 Red Alert Report on the
employment situation in the United States. Information, data, forecasts, and insights in this document will help
you stay ahead of the curve and will change the way you manage. Available in electronic and printed forms.
(
http://www.hermangroup.com/store/white_papers.html#1).
Deploy Solutions' monthly newsletter, The Advantage,
shares with you a mix of articles, whitepapers, webinars, and research materials from well-known industry
professionals.
You Should Know:
US: Rules For Paying Your Employees
Do the minimum wage laws apply to small businesses?
Do I have to pay minimum wage to employees who receive tips?
Do I have to pay my managers overtime?
Can I give my employees time off instead of paying them overtime?
Do I have to pay my employees for travel time?
Can I dock an employee's pay for failing to meet a production quota?
Retirement Lifestyle Specialist Coaches Baby Boomers How to Re-fire Instead of Retire
New home study program demonstrates how anyone, on the brink of retirement, can create a working strategy to
re-fire their life.
Dr. Cynthia Barnett is a retired educator who reinvented herself after leaving The Educational System with 30
years of experience. Being a retiree herself, Barnett noticed that there were plenty of businesses that offer
financial advice, but few companies seemed to offer services around keeping the retirees active and happy.
In response, Barnett combined her work experience as a school administrator with her lifelong goal of starting a
business and founded Peak Performance Solutions, a personal growth consulting company. Barnett now teaches other
people how to re-fire their lives, so that they too can create the fulfilling and meaningful lives they desire.
Interacting with her client-base, Barnett uses workshops, retreats, one-on-one consulting, group counseling and
home study programs, such as her newly released program titled, "Re-fire Don't Retire: 7 Secrets Of Highly
Successful Retirees."
According to the Mac Arthur Study, the average sixty-five year old American can expect to live another seventeen
years. With the fact that the boomer generation is living longer, it makes sense that their generation has to be
proactive in reinventing themselves to maintain the quality of life as they fulfill longer lives. Gary Small,
Director of the UCLA Center on Aging, adds, "Empowering ourselves for the future requires learning new skills,
as well as honing the ones we already have. It requires the reinvention of ourselves."
(Peak Performance Solutions)
Deep Release:
Herman Trend Alert: Reverse Migration of Manufacturing Base
For years, manufacturing jobs have migrated from developed countries to third world countries, most notably in Asia. Movement within the past year suggests that this trend is reversing. Some jobs that moved are coming back, and some third world companies are establishing manufacturing facilities in developed countries.
What is causing this reverse migration? Sources within these companies report they can beat current Chinese prices with efficiencies they can achieve in developed countries. Wise employers, who measure and monitor their costs—tangible and intangible—are discovering that it's more cost-efficient to keep the jobs at home. Assumptions that it is cheaper to manufacture overseas have been exposed as more myth than reality.
We have learned about companies returning their manufacturing to the United States from Taiwan, Turkey, India, China, and other low-cost production countries. The anecdotal intelligence we have received is reinforced by Richard Martin, International Market Assessment (IMA) Asia. His company services over 700 clients across 14 countries in Asia. In mid-June, his team met with clients around the region to examine Asia's manufacturing outlook.
In early July, as results of his firm's research were compiled, Martin delivered a presentation to the Lowy Institute for International Policy in Sydney. (www.lowyinstitute.org) He argued that "the restructuring of Asian manufacturing now appears to be moving into a new stage, one characterized by fast-rising costs in China as well as a drive into areas of higher value-added production. Martin contends this second phase could see a reversal in the winners and losers that were created by China's first shock wave of ultra-low cost manufactured goods from 2000." (Lowy)
In an effort to compete with manufacturers in the United States and other developed countries like Australia, New Zealand, and the United Kingdom, China is rapidly upgrading its technology. These improvements have great potential to increase productivity, but usually require new facilities and fewer employees. Both requirements clash with current Chinese culture and policies. Many construction projects are already prioritized, drawing equipment, materials, and labor. New processes require fewer workers, with greater skills, generating new demands for training and putting more people out of work.
Herman Trend Alerts are written by Roger Herman and Joyce Gioia, strategic
business futurists, Certified Management Consultants, authors, and
professional speakers. Archived editions are posted at http://www.hermangroup.com/archive.html
From 'The Herman Trend Alert,' by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group of Companies, Inc.
The Herman Group, 4057 Battleground Avenue, Greensboro, NC 27410 USA (336)
282-9370
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