Therefore, job skills and education level should be changed. US workers should focus on more design, engineering, innovation, customized products and supply chain management. Government officials and trade representatives can organize these kinds of trainings to manufacturing workers, subsidies to factories and local economy that heavily depends on manufacturing, and enough confidence that certain industries will benefit with the country. I fully support the following quote made by As Senator Bernie Sanders; “I do not believe that American workers should have to compete against people in Vietnam who have a minimum wage of 56 cents an hour”. I think, Michael Froman should train the leading manufacturing companies to be more competitive in the world.
Singapore is the second most densely populated city in the world, beaten only by Monaco, with 5.3 million people crammed onto the island. After Singapore gained independence in the 1960s, its government foresaw the need for strict planning, and today it has highly efficient systems in place to cope with almost everything. There was a rapid economic growth in the 1970s.Singapore’s industrialization and public housing programs were well underway.More women joined the workforces and families income roses but family size become smaller. By then,people attitude towards marriage and parenthood had changed. On the average,every family was likely to have one or two children.The birth rate of 30 per 1000 of the population in 1965 fell to a low of 17 per 1000 in 1965.If the birth rate had continue to fall at that rate the population will only reach it peak of 3 million.
It has also done the required changes to cope with economic breakdown in the world. Packing of the product, reduction in the amount of wastage and transport need a lot of technological support, as the company needs to assure that the product is neatly labeled, with the improved version of packaging, with minimum wastage. This technological support was justified with the agreement with Food and Drink Federation (FDF).To simplify accounting,
Higher education was expanding rapidly in Malaysia and trying to move away from the conventional concept that is for the examination purpose only to more concentrate on the soft skills, "hands-on" and technological-biased type of knowledge. This is to prepare students to be highly-skilled graduates and ready with the national development and also take on the challenges of the world. Kolej Poly-Tech MARA Kuantan (KPTM Ktn) as one of the private colleges that take the challenge in preparing highly-skilled graduates. Times are changing. As people embrace new innovations and technologies, as higher educational institutions, KPTM Ktn must also learn how to keep up.
Job (Labor) mismatch is one of the factors that affect any country’s increasing unemployment rate and one of the pressing problems one’s economy needs to address (IV, 2014). As Atty. Suyao, DOLE Regional Director, states “employers are keener on the skills rather than the educational background of the applicants, which gives rise to the problem of jobs mismatch and unemployment.” (IV, 2014). With this problem, DOLE reaches out to our education sector and suggests that they supply the needed skills for employment and this is currently being addressed as the education sector slowly becomes receptive and adjusts the curricula to train the students in order give what is needed to help our economy (DOLE Challenges Unemployed Youth to Develop Life Skills, 2015; IV,
In this way, as the company meets the needs of the employee, the employee is then better able to meet the needs of the business.” Employee’s perceptions mediate between HR practices and employee performance (Liao et al., 2009). As a result of combined HR practices, fresh management thought has emerged. HR practices is moving from evolution towards revolution to gain financial viability and ultimately competitive advantage (Ashraf M.et al, 2011). Citizens of developing nations need high back up for higher productivity in business at this critical stage of the human history. They should get rid of weary habits and adopt mature habits based on knowledge and skills learn during life (Khalid
Right now, many firms are rethinking the way in which they undertake business as a way to improve productivity and the quality of their products but also to stay competitive within the changing and unforgiving environment. Those who control the production have realized that investing in human capital in the form of training and development provides enhanced returns. CHALLENGES Globalization and industrial restructuring During the last four decades, the labour markets have experienced many changes but globalization and industrial restructuring have significantly changed the size and composition of the workforce. Quick exchange of labour, goods, and capital because of globalization also impacts the wages. Globalisation has brought new ways of production which do not require significant labour force and because of that the number of employed people declined.
Students can receive the advice to make the right decision about their educational and Career Guidance Counsellors from trained, while polytechnics and ITE students can look forward to enhanced internship experience working hands means. SkillsFuture seem to have been initated as a result of the Government’s emphasis on the importance of skills upgrading. In the article published by The Straits Times, Prime Minister Lee Hsien Loong has stressed that the improvement of skills and to have a strong social safety net is the key to addressing employee concerns about job losses as the industry is growing due to technological advancement and globalization. Improvement of skills is the way in which Singaporeans can maintain competitiveness through training. One of the main features of SkillsFuture that has been in the media spotlight is SkillsFuture Credit, a scheme that gives Singapore aged 25 and above $500 credit to pay for various courses.
Advanced workforce: Due to technological progress and the spread of educational institutions workers will increasingly become aware of their higher level needs; managers will have to evolve appropriate policies and techniques to motivate the knowledge of workers. Better educated and organized workforce will demand greater discretion and autonomy at the work place. 2. Technological Advancement: This will require retraining and mid-career training of both workers and managers. Rise of the international corporation is proving new challenges for personnel function.
“As Malaysia shifts from a middle-income country towards a high-income country by 2020, there are some fundamental issues and challenges that need to be addressed”. Based on this statement, evaluate those challenges as well as Malaysia’s strategic measures to strengthen its human capital base. Introduction : • What is education • Why it is so important By the year 2020, Malaysian government principle goal is to create a fully developed economy and it is focusing on the development of economic, political, social, spiritual, psychological and also cultural. Based to the goal, in order to develop the necessary human resources base, Malaysia must empowered the teaching of mathematics, science and English in higher education system, trains its