Globalization and the increasing advance in technology have been some of the main factors that have affected businesses in general. Companies have had to restructure their organization in order to succeed.
As we know, the increase in unemployment today has been in part due to the result of the great recession of 2008, but it is also the result of the growth in technology and the rise in globalization. One of the companies' strategies to increase their profitability and adapt to the changes of the global business was to keep the core competences locally and outsource all the other units like manufacturing and service.
In the article,”Where the Jobs Are” (Time magazine, January 17, 2011), the writer, Bill Saporito, tries to give us an idea of the employment situation that America is facing today. On one side are the highly educated people, the technically talented workforce adapted to the demand of the global marketplace and on the other side are the disposed and underskilled people who see their future diminished by foreign workers from other countries that represent the low labor cost for the companies.
Despite of all the negative aspects of the nation's situation, there are some flexible and focused companies and institutions that are trying to find the difference, the turning point of the situation. Companies such as the American branch of Ricardo, General Electric, Smith & Wesson and Deloitte, and institutions like John Hopkins University are involved in the creation of new jobs. General Electric is planning to create 1,300 jobs over the next four years. The company is trying to recruit engineers to staff its expansion at Appliance Park, Louisville KY. They have other three locations, established as the center of excellence in refrigeration technology. The company has also repatriated a refrigerator manufacturing line from South Korea. This is due to a new deal that they have with the union and a weaker dollar that makes U.S. labor more competitive.
Another company like Smith & Wesson that produces software in Springfield, Mass. is planning to expand its manufacturing unit. The company is intending to hire 225 people well trained in the field. To achieve this task, they have sent its used equipment to community colleges and vocational institutions in order to develop the skill workforce that is needed to run the numerically controlled machining used to precision-cut metal.
Deloitte, which recently became the world's largest professional-services firm, has started to recruit college campuses for fresh brains. The company is interested in tax specialists, lawyers, auditors and other talented minds who have the ability and capacity to learn in practice to solve the problems of today's global businesses.
John Hopkins University is creating jobs in different disciplines, even in business, but they are facing the obstacle that many of Baltimore's residents lack the skill to get them. Ronal Daniels, president of the institution, realizes the role that the University has in trying to improve the Baltimore's education system. Today the University has set up training programs for positions like lab technician in order to allow the community to fill the positions currently created. Time article