Archives for the month of: May, 2013

CEO-of-Life

For most of us, when we graduate from high school or college, we assume it’s time to go out and get a job.
But like many things the masses do, it doesn’t mean it’s the best option, particularly in today’s employment market. In fact, getting “a job” may NOT be your best option

1. Having  A “Job” Is Essentially Trading Your Time For Money

Because you only get paid when you’re working, you are essentially “renting” yourself and trading income for time.  The key is to separate your value from your time by either adding a way to increase your income with an added commission or some payment based on results not just time.

2. Limited Experience

A job only gives you experience at that job. You might think it’s important to get a job to gain experience.  But if your skills ever become obsolete, then your experience won’t be worth much.  Ask yourself, “What will the experience you’re gaining right now be worth in 5 years?”  Will your job or skills even exist or be in demand?

3. Employment Security

Many employees believe getting a job is the safest and most secure way to support themselves. Look at the increasing number of layoffs and contractors in the workforce along with the amount of work being outsourced to other countries.  Does having only one source of income truly give you employment security? Could your job be digitally outsourced to the Internet (consider on-line university classes and buying books from Amazon instead of a local bookstore).

4. The Value of Relationships

Many people find that their jobs are their primary social outlet.  They hang out with the same people working in the same field. Yet relationships are the key to get a job and increase your value to others in the business world. In today’s world, it’s what you know AND who you know that counts.

5. Getting  A “Job” Versus Doing A Job

Realize that you want to earn income by providing value — not just offering your time.
You can apply this concept working with an employer or by starting your own business in addition to working for a company.  The key is to find a way to have multiple streams of income along with one that offers residual income.

Stop looking for a job and focus on providing valuable services. Employers and customers will be calling YOU for work.

Now more than ever, understand that YOU are the CEO of your life!

Image

Did you ever stop and ask yourself, “How does the global job market affect me?” In the new plug-n-play world, what happens in other countries has more impact than you might think.

The current problem of unemployment in developing countries resulted from of a period of rapid but unbalanced development. The world’s population has tripled in the past 70 years with most of the growth coming from outside the US. 

Meanwhile, faster rates of economic growth, particularly in Asia, have accelerated job creation outpacing the growth of the available labor force. Lower birth rates, higher levels of education and higher rates of economic growth are gradually restoring the balance between population and employment opportunities globally.

The world is now in the early stages of another demographic revolution, which will have a significant impact on the future of employment worldwide – a steep decline in the birth rate and an increase in life expectancy in economically advanced countries. The result of these trends will be a reduction in the number of young people entering the job market and a surge in the size of the elderly population.

50% of the population in industrialized countries is now in the dependent age groups, which includes those under 15 and those over 65. As the old age population grows, the working age population will shrink even more. By 2013, it’s estimated that the labor-force growth in the US will be almost zero resulting in a shortage of 17 million working age people by 2020. China will be short 15 million and India is expected to have a surplus of 45 million workers.

Another trend that has been developing for years is finally starting to create problems. It’s not a shortage of jobs, but a lack of skilled workers. Low skilled manufacturing jobs have been exported to lower wage developing countries. At the same time, the demand for workers with higher levels of technical knowledge has been rising rapidly. Consequently there is less demand for older workers who have not continued to upgrade their knowledge and skills.

Rising skill requirements combined with a shortage of skills is creating a growing disparity between the skills of the workforce and the needs of the economy. Numerous studies confirm the existence of a substantial shortage of workers with the required level of skills to fill vacant positions. The technical skills shortage applies to jobs in almost every sector. Even in India, which produces 400,000 engineers annually, corporations are finding it increasingly difficult to find qualified workers.

The proportion of adults over 60 in high-income countries is expected to increase from 8% to 19% by 2050, while the number of children will drop by one third. The aging of the population is leading to labor shortages, skills shortages and an increased tax burden on the working population in order to support social security income for the increasing retired population.

Migration is also increasing between industrialized countries as well as from developing to industrialized countries. Outsourcing began with the migration of manufacturing jobs to lower wage developing countries. With the increasing business transactions tied to the Internet, manufacturing positions have declined and now represent less than 25% of jobs in most countries. Service and knowledge industry employment has become 85 % of all civilian employment in most countries. This trend is also accompanied by a major expansion of temporary and part-time positions resulting from companies trying to maintain a flexible work team to hedge against fluctuations in the economy.

Yes, just like to Disney song, “It’s a Small World After All”, we are seeing that we truly are part of a global family. It’s actually nothing new. The Internet is showing us a connected world that has really been there all the time.

%d bloggers like this: