The automobile industry is faced with a shortage of skilled labor. There is an insufficient supply of people with the required skills for the available jobs. In the recent years, America has experienced a marked…
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For example, in the 21st century, 60% of new jobs require one to have at least post-secondary education. Contrarily, an estimated one third of America’s workforce has attained this level of education (Lebergott, 2014). The continuous process of innovation as well as technological changes has resulted in the motor vehicle industry related jobs demand even higher skill levels.
According to United States Department of Labor (2015), the use of computers and Internet has redefined and reorganized work skills required at the workplaces. Most jobs now require education and training. As cited by Cascio (2012), structural unemployment results because of the mismatch of skills of the unemployed persons and the skills required for the available job. Evidence has demonstrated that the percentage of the workforce having graduated with college degrees is growing at a very slow rate. It has also been projected that in the next two decades, there will be virtually no growth in the prime age workforce; 25-54 years. This would result in a substantial reduction in skill growth. With few people having the required skills and education, there is insufficient supply of skilled in the labor pool for the automobile sector. In a view shared by Farmer, people with higher education levels face very low rates of unemployment. He reported workers aged 25 years or more, the unemployment rate was 4% for those with a bachelors degree or higher, 6% for those with a degree, 9% for high school graduates; and 12% for those with less than a high school diploma (Farmer, 2011). A can manufacturing or distribution firm with insufficiently trained labor force faces high turn over, low levels of employee performance, low productivity, high accident rates, improperly administered facilities, and improper resource allocation, as well as lack of
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The primary function of the union is to engage in actions that better the situations of the employees. Unions are centered on benefiting employees through the protection of their rights. For example, union workers are more likely to have better health coverage, higher wages, and objective seniority rights, when compared to non-union workers.
These kids are not interested to attend their school regularly. So, they decide to spend their time in a local pool club. They have no interest in their education and are happy with their carefree life style (Shaw, 1980). Analysis of the Poem: The poetess is captivated by her native city, Chicago.
The political atmosphere in any country has a direct influence on the sustainability and flourishment of any business. A politically conducive environment is likely to attract investors from other countries and continents thus bringing a fresh perspective in the face of the country’s development
More importantly, Smith advanced the idea that the wealth of a nation is due to the contribution of those who do the work, which is still applicable today as it was over two centuries ago. To wit, “The abundance or scantiness of its (society) annual supply must depend, during the continuance of that state, upon the proportion between those who are annually employed in useful labor and those who are not so employed (Smith).” In the same year, several important economic developments were happening.
I realize that there is a need to insure the health safety of both the paying and non paying members of the facility. However, the ruling in question is neither appropriate or effective in insuring public health standards at the facility. Being a
This classification is mainly based on the employee’s salary and the type of job assigned to them. To ensure that there is fairness in offering the compensation, there are set rules that outline the condition,
The positive impact is that employee disposable income rises with increase in the minimum wage. Individuals have more money to spend, thus leading to an increase in demand for goods formerly unaffordable. The employment effect is likely to
The fact that Barclays was able to deceive fraudulently its clients and investors concerning involvement with high frequency players is a clear indication that investors did not investigate the company prior to investing
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