Submitted by Norman Halls
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Research shows that someone who builds his/her career by combining work with structured training will be beneficial throughout their years of employment. Courses related to particular job or future upgrades are important to a person in this economy. If you are working and haven’t taken any courses offered by your employer or paying for it yourself, you are missing out. Today, workers can take all kinds of courses through the local school system or community college. There are many types of training, at home with the computer or self study. Just take ONE course at a time.
For years you could be employed by one company for 30 years. Those days are gone. Technology revolution is fast replacing human beings with machines in virtually every segment of business/industry in the global economy. In Australia and the United Kingdom, they have established communications between the business/industry and education to ensure students are equipped with business ready skills. Educators’ collaborating with corporations will allow the faculty to develop their curriculum to fit with a corporate partner. There’s always room for improvement, for more, for greater success. The financial sector is totally incredible, your options and your capacity for growth are endless.
Policymakers often think of small business as the employment engine of the economy. But when it comes to job-creating power, it is not the size of the business that matters as much as it is the age. New and young companies are the primary source of job creation in the American economy. Not only that, but these firms also contribute to economic dynamism by injecting competition into markets and spurring innovation. “Training is vital for the employees of a company and the truth is that most of the employees of small to medium companies do not have growth opportunities because of the lack of a solid training program that is used by the employer,” William Frierson, The Importance of Development and Training in the Workplace.
Are we taking our eye off the ball of Economic Development? “The key implication for policymakers concerned about restarting America’s job engine, therefore, is to begin paying more attention to removing roadblocks to entrepreneurs who will lead us out of our current pessimism about jobs and sustain economic expansions over the long run,” said a report by the Kaufmann Foundation earlier this year. Despite the regularity of these kinds of reports about the importance of start-ups, it’s hard to see any evidence that their advice is being heeded by anyone in economic development leadership.
In 1980, there where nearly 20 million jobs in manufacturing. That number will never be at that level again. Why? We must understand that this is a world market. Today’s high-tech, global manufacturing and business environment is generating challenging new employment opportunities for individuals who understand growing competitive pressures that businesses face. Communities need diversification. What matters in a diversification strategy is whether employees have the skills to add value to businesses in unrelated industries that can be nurtured by allocating capital to companies. This is where our educational system, community colleges and universities can assist.
Economically successful communities will hold competitive and comparative advantages over other economies, though a single community rarely specializes in a particular industry. This means that the community’s economy will be made of various industries that will have different advantages and disadvantages in the global marketplace. The education and training of a community’s workers is a major factor in determining just how well the community’s economy will do.
The central questions are; you, the worker going to get the long-term training that will be needed for sustaining your life’s employment? Businesses; are you ready for the future technology? Policymakers; it’s time that you bring in new industry to your community. Think out side of the box. Your community may have the right tax rate to offer some businesses to build there.
