COMPETITION FOR IN-DEMAND SKILLED WORKERS

You will need to conduct library research and your final presentation must have a minimum of 8 scholarly resources (peer-reviewed journal articles)

The final oral presentation will be made using PowerPoint In order to fully develop your topic, your presentation will comprise 12-15 slides.

Please ensure that you follow standard APA formatting. Your presentation must have a cover page and a reference page. Be sure your presentation is organized, clear, and grammatically correct

 

Please ensure that you follow standard APA formatting. Your presentation must have a cover page and a reference page. Be sure your presentation is organized, clear, and grammatically correct.

In your final project, you will research a topic of your choice or analyze an organization (perform a case study) and apply the principles of change to that topic.

This is what has been done so far and needs build upon. This assignment is to finish the paper and the PowerPoint.

COMPETITION FOR IN-DEMAND SKILLED WORKERS

 

Competition For In-Demand Skilled Workers is one of the trends which is being experienced in most of the organizations. This paper will briefly explore how the demand for skilled workers is likely to impact organizations. First, competition for skilled workers affects most of the organization positively because it helps to increase labor toward highly productive employment: this is achieved through improvement of level of firm productivity it also affects the level of productivity through driving the allocation of labor within an industry thus increasing the level of productivity (Sethi, 2017). The second impact of competition for in-demand skilled workers is that it makes the market more open to foreign competition, which drives labor to sectors resulting from increasing in the level of organizational productivity. Competition for in-demand skilled workers affects organizations in that it makes jobs more productive, thus increasing the level of wages which the workers require (Sand,2016).

The third impact of competition for in-demand skilled workers on organization is that it results to decrease in the level of employment, demand for skilled employees is one of the factors which leads to increase in unemployment, and the reason is because most of the organization only absorb the skilled workers only, the local jobs are even allocated to the skilled workers thus increasing the rate of unemployment. In situations whereby organizations are to choose employees from a pool of skilled employees then they are forced to heavily compete for the available employees this results to increase in the rate of wages(Craig,2015).

The last impact of competition for in-demand skilled workers is that it results to a reduction in team morale among employees, the competitive workplace has a significant impact on the level of team morale, and the reason is that communication is always a challenge since every employee feels superior. It is advisable for managers not to use competition only to be able to fuel productivity in an organization, and the reason is that teams are likely to have a weak bond which is expected to undermine organizational behavior (Deming,2017).

Annotated bibliography

Hershbein, B., & Macaluso, C., (2018). Labor market concentration and the demand for skills. Working paper.

The article takes a look at the concentration of the labor markets and how this affects the demand for the skills, according to Hershbein & Macaluso, (2018), when the labor market concentrates raises the bar for the skills for the employees that an organization demands. Similarly, when the market lacks sufficient labor force to meet their demands, organizations tend to lower the skill required to accommodate employees who will fit the slots in the organization.

Singla, A., Ahuja, I. P. S., & Sethi, A. P. S., (2017). The effects of demand pull strategies on sustainable development in manufacturing industries. International Journal of Innovations in Engineering and Technology, 8(2), 27-34

Demand-pull strategies as presented by Singla et al., (2017) takes a look at the level in which they affect the capabilities of manufacturing industries. In respect to developing and developed economies and how h this affect the demand for skilled labor by these organizations. The changes are normally brought about by these changes in demand-pull strategies that change frequently.

Pfeffer, J., (1994). Competitive advantage through people. California management review, 36(2), 9.

According to Pfeffer, (1994), the demand for skilled employees has been used by the organizations as a strategy for gaining competitive advantage in the market. Organizations seek to have the best employees whose output is of high class to ensure that they give quality services and products to their employees. Working with skilled employees gives the organization an opportunity to enjoy effectiveness in their production as the employees are well versed with the skills and abilities necessary to give the best to the organization. Through minimization of wastage, an organization can enjoy cost leadership, which is an important competitive advantage.

Wood, A., (1995). How trade hurt unskilled workers. Journal of Economic Perspectives, 9(3), 57-80.

In this article the author takes an important look at the trends in the trade and how these developments have locked out unskilled labor force out of the markets as the trade has seen an increased demand for the skilled labor by organization and for individuals, to venture into this field one must be skilled in order to allow one to have an understanding of how the trade should be conducted.

Piva, M., Santarelli, E., & Vivarelli, M. (2005). The skill bias effect of technological and organisational change: Evidence and policy implications. Research Policy, 34(2), 141-157.

According to this source by Piva et al. (2005), the demand for skilled labor by the organization has led to an increased level of unemployment. When the demand for skilled labor is high, it means that people who are less skilled will end up being unemployed as they do not match the criteria set for employment. The authors of this article evaluate this bias with respect to the technological advancements and mechanization in industries with respect to the demand for skilled and unskilled for labor.

Scheve, K. F., & Slaughter, M. J., (2001). Labor market competition and individual preferences over immigration policy. Review of Economics and Statistics, 83(1), 133-145.

This article takes a look at how the demand for skilled labor by the organization has brought about immigration and labor imports especially in the developing and developed countries whose labor force does not meet the prevailing demands in the market. Organizations compete to have the right mix of labor to compete favourably with other businesses when this labor is not easily available, importation of the skilled personals becomes the norm.

Kahn, J. A., & Lim, J. S. (1998). Skilled labor-augmenting technical progress in US manufacturing. The Quarterly Journal of Economics, 113(4), 1281-1308.

The article looks at how the competition for the skilled labour in the US has influenced the progression of skills among the people who are seeking for employment opportunities as demand for skilled labor has drastically increased over the last few years. Employees are in pursuit of improving their skills to meet the demand in the market.

Topel, R. (1999). Labor markets and economic growth. Handbook of labor economics, 3, 2943-2984.

In the article “Labor markets and economic growth” by Topel, (1999, the author looks at the impacts of the labor markets on the economy precisely the demand and competition for the skilled labor by various organizations. The impacts of this on the economy has been immense in the sense that high skilled labour creates efficiency in the production of goods and services.

 

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