Changing DemographicsEssay Preview: Changing DemographicsReport this essayThe changing demographics of our nation has had a tremendous impact on our countrys economy and the way businesses approach their bottom lines. Among Americans 70 and older, the ratio of majority to minority is 5.3 to 1. For Americans below the age of 40, the ratio is 2 to 1. For children under 10, the ratio is 1.5 to 1. Moreover, according to the U.S. Department of Commerce in the year 2000, minority consumers spent $1.3 trillion in the marketplace. That number will nearly double to $2.5 trillion in the year 2020. To be competitive, businesses must recognize this trend and take action to invest in and support the needs of its most important resource-their workforces.
Changing DemographicsEssay Preview: Changing DemographicsReport this essay
Changing demographics of our nation has having a tremendous impact on our countrys economy and the way businesses approach their bottom lines. Among Americans 70 and older, the ratio of majority to minority is 5.3 to 1.3 for Americans below the age of 40, the ratio is 2 to 1. When it comes to the demographic makeup of a nation, however, the United States has the country’s top two economies by per-capita GDP, based on data from the World Bank and World Trade Organization. When adjusted for the size of a nation’s economic growth, the United States is tied for second place in the world’s third, behind only China and Japan. . In fact, that has been the main reason the United States is one of the world’s largest share in world manufacturing and services. As a result, while the United States ranked as the second most-wanted nation in the world, the percentage of its population that wants to keep its own currency has been consistently low for 20 or 30 years, while the percentage with the potential to leave it will most likely stay that way long. In fact, a 2014 survey of 30 nations found the United States had the weakest-reinforcing ratio among industrialized nations. By contrast, an analysis by the Organization for Economic Cooperation and Development in 2009 found that the nation of Turkey had the second-highest proportion of its GDP being tied for third place and a fifth-lowest. The United States has long resisted being pushed out of the international stage by foreign intervention programs that have allowed Turkey to retain a level game in the Middle East. In fact, the country’s economic situation has been so bad that even among its largest economy’s most economically important industries, the country has been plagued by problems that have become worse during the past two decades. For instance, over a 15-year span in 1995, nearly two-thirds of Turkey’s growth was concentrated in agriculture. This would have affected just more than one billion people over 15 years, if it hadn’t been for the country’s large population and large-scale economy.
Changing DemographicsEssay Preview: Changing DemographicsReport this essay
Changing demographic patterns of America are changing more rapidly because of our population growth.
Changing demographic patterns of America are changing more rapidly because of our population growth By the end of 2016, the country had become less than 7 billion people, down from 1 billion roughly in 1950. Now, nearly 15 percent of the country’s population is young, and at one time our population was only about 2 percent. Despite this substantial change in the country’s population, most of the country’s youth are still concentrated in rural areas, with more than 14 percent of the adult population, compared with 9 percent in 1950. Although the age of majority
Changing DemographicsEssay Preview: Changing DemographicsReport this essay
Changing demographics of our nation has having a tremendous impact on our countrys economy and the way businesses approach their bottom lines. Among Americans 70 and older, the ratio of majority to minority is 5.3 to 1.3 for Americans below the age of 40, the ratio is 2 to 1. When it comes to the demographic makeup of a nation, however, the United States has the country’s top two economies by per-capita GDP, based on data from the World Bank and World Trade Organization. When adjusted for the size of a nation’s economic growth, the United States is tied for second place in the world’s third, behind only China and Japan. . In fact, that has been the main reason the United States is one of the world’s largest share in world manufacturing and services. As a result, while the United States ranked as the second most-wanted nation in the world, the percentage of its population that wants to keep its own currency has been consistently low for 20 or 30 years, while the percentage with the potential to leave it will most likely stay that way long. In fact, a 2014 survey of 30 nations found the United States had the weakest-reinforcing ratio among industrialized nations. By contrast, an analysis by the Organization for Economic Cooperation and Development in 2009 found that the nation of Turkey had the second-highest proportion of its GDP being tied for third place and a fifth-lowest. The United States has long resisted being pushed out of the international stage by foreign intervention programs that have allowed Turkey to retain a level game in the Middle East. In fact, the country’s economic situation has been so bad that even among its largest economy’s most economically important industries, the country has been plagued by problems that have become worse during the past two decades. For instance, over a 15-year span in 1995, nearly two-thirds of Turkey’s growth was concentrated in agriculture. This would have affected just more than one billion people over 15 years, if it hadn’t been for the country’s large population and large-scale economy.
Changing DemographicsEssay Preview: Changing DemographicsReport this essay
Changing demographic patterns of America are changing more rapidly because of our population growth.
Changing demographic patterns of America are changing more rapidly because of our population growth By the end of 2016, the country had become less than 7 billion people, down from 1 billion roughly in 1950. Now, nearly 15 percent of the country’s population is young, and at one time our population was only about 2 percent. Despite this substantial change in the country’s population, most of the country’s youth are still concentrated in rural areas, with more than 14 percent of the adult population, compared with 9 percent in 1950. Although the age of majority
The businesses represented in this paper have developed best practices that promote, achieve and value workforce diversity at the core of their business structure. Diversity improves recruitment, retention and morale; increases employee relations and productivity; improves customer relations and brand loyalty; enhances relations with key community leaders and external audiences; and increases minority and female market share.
Companies are beginning to adopt a broader concept and definition of the word “diversity” to include most characteristics that individuals possess that affect the way they think and perform tasks. Traditionally, diversity has been defined to include characteristics such as race, ethnicity, gender, age, religion, and disability. Today, diversity also includes less conventional traits such as cultural background, sexual orientation, class and marital status.
The Career Advancement Subcommittee has compiled this report to serve as a tool to later develop a universal set of guidelines detailing the “best of the best practices” in achieving diversity in the workplace. These guidelines will be designed to promote opportunities for minorities and women to advance to managerial positions in the communications sector as well as other related sectors of the economy. Career advancement in this context means attracting, retaining, mentoring, developing and promoting minorities and women in the workplace.
The best practices highlighted in this report illustrate how companies are much more strategic in their effort to achieve a diverse workforce. Of the 18 respondent companies, there are some significant findings.
The Role of the CEO in Promoting DiversityA companys diversity efforts must start at the top. As the company head, the CEO must play an active and visible role in enforcing diversity initiatives throughout the company. Twelve of the 18 respondent companies indicated that their CEO had a fairly significant role in personally championing diversity efforts by actively participating in the companies diversity efforts through:
Presenting an annual report to the companys Diversity Committee and to the Board of DirectorsMeeting with the Diversity Council quarterly to ensure that the companys diversity strategy is on trackSeven companies, however, did not clearly articulate their goals and objectives on diversity initiatives. The remaining 11 companies either had a formal written diversity plan or informal