By the numbers
June 27, 2005
Okay. This guy, Ira S. Wolfe, is selling his book, The Perfect Labor Storm. It’s about:
“Aging workers, retiring baby boomers, rising health care costs, shortages of skilled workers, generational gaps, [and] work ethics, . . . just a few of the workforce demographic and socio-economic events that are colliding to produce the biggest shortage of skilled workers in the United States and many other developed countries.”
But I’m not selling his book. What I’m doing is telling you he has assembled an incredible list of 432 statistical facts relating generally to his topic.
No, I haven’t read them all. But if you ever need some workforce demographic facts for a report, article, presentation, etc., you might find it here, with attribution to the source.
A few examples:
Fact #31
The rate of failure for new executives is 40 percent to 60 percent within the first 18 months and, within five years, two-thirds of executive hires fail. Such a failure costs the company 20 times the salary of the executive.
Fact #131
99% of all workers perform some reading-related work each day; to keep pace on the job they read 113 minutes a day.
Fact #132
50% of the U.S. population, ages 16-65 are functionally illiterate.
Fact #133
52% of high school graduates lack the basic skills required to do their jobs adequately.
Fact #134
Only 25% of high school graduates are considered to have excellent basic skills.
Fact #147
For every 1000 employees, there are 84 problem drinkers.
Fact #148
For every 1000 employees, there are 453 lost workdays due to sickness, injury, and absence as a result of problem drinking.
Fact #149
For every 1000 employees, there are 417 work days of lowered productivity.
Fact #150
The cost of alcohol-related problems costs each business $56,686 in work days lost to sickness, injury and accidents.
Fact #196
More than 75 percent of the workforce must be retrained to keep the jobs they have.
Fact #197 In the near future 80 percent of jobs will require some sort of postsecondary education.
Fact #198
61 percent of these will require more than a high school education but less than a bachelor’s degree.
Fact #199
97 percent of our youth hope to go to college; 63 percent actually enroll but only 30 percent actually receive a bachelor’s degree.
Here’s the whole list.
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Comment by Catherine
Just for the record, I do like the illustrated posts. The turnovers still make me chuckle.
Comment by Michael
Great pics. Love it