Word: demanding
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Dates: during 1990-1999
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...hottest U.S. economy in 28 years, and you're going to have to wheel and deal, beg, borrow and steal--however and wherever you can--to find the help you need. Not since 1970, when the Vietnam War and a guns-and-butter economy created a huge demand for skilled manpower, has there been a tougher time to expand the corporate work force, especially in the high-tech industries of the "new economy...
Anything involving computers is in great demand now--not just the arts of programming and software designing either. Almost anybody who works in an office must use a personal computer. A hotel clerk, for example, has to know not only how to click a mouse but also which hotel operations a computer can speed up and how. What is hot now, says Allan Kolber, chief enterprise architect at New Jersey-based technical-services provider Butler International, is people who know data warehousing and business-process re-engineering. Anyone who can deal with changes in the formatting of data...
TRAINING Company managers grouse endlessly about how few job seekers have the skills they need. Colleges, for example, are currently granting degrees in computer sciences to barely 25% of the number of people industry wants to hire. And new skill sets are in demand because of what Hofrichter of Hay Group calls "almost another industrial revolution." He explains that companies in their quest to become lean and mean have combined old jobs and put together work teams to the point that they no longer look for narrow skills but instead for workers who can do what used...
That may ease the labor shortage but will not end it. Demand for high-tech workers will still outstrip the number of new graduates versed in science and math, creating employment bottlenecks. Fromstein suggests that one solution would be to attract more female students into these fields, which are still regarded, irrationally, as "male oriented...
...figures underline the importance of yesterday's U.S. intervention to boost the yen -- further devaluations in Asia would swell the already bloated deficit. Some relief may eventually come from Europe, however: "If Europe's economies keep bouncing back, their increased demand for U.S. exports will offset some of the losses in Asia," says Baumohl. Until then, it's going to be a rough ride...