We all have seen the Y2K problem when we realized that computers may not be able to respond correctly in year 2000 due to date related problem. Now we are entering in a decade long problem that may not be solved by computers or computer programmers only. After year 2000 we have seen significant amount of work going out of US. But employers are not so worried about IT work only, they are also worried about the shortage of work force in other business process areas.
From 2010 US is entering in a decade long problem of retiring work force. Look at this graphics given. Significant amount of work force entering into retirement and post retirement age. This is a wide spread problem and not only an IT problem. 2.3 Million teachers will retire during this period. Many of doctors and nurses will also come into this group of people. That will further put stress on health care system.
With aging people prefer to do office work than the work that requires physical stress. This was one of those driving factor to move the production facilities out of US. And US has seen a growth in service industry during this period. Now the next decade pose a significant amount of challenges for US corporates as well as young generation.
Though some of the corporates have supplemented their workforce by outsourcing their IT and business processes but there are still many organizations that are not yet prepared. The transfer of knowledge and preparation of second layer of leadership and management are the challenges of today.
Managing a more global team requires a little different management skills, a deep understanding of different cultures, and socioeconomic status of various countries.
Outsourcing is one possible solution to supplement the workforce that it will also have significant amount of long lasting negative effects on society in terms of lower buying power, poor motivation among the younger generation.
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