HABLA USTED DINERO?
53% of America's workforce is from another ethnicity or culture!
The Hispanic population is currently the fastest-growing population in the United States. Over the next 30-40 years this population will grow from the current 50 million to over 120 million! One-out-of every four Americans will be Hispanic!
This population is vibrant, creative, and hard-working, and young. The average age is 32 with over 30% of the population under the age of 18.
However... Only 60% of this population is graduating from High School, only 9% have a bachelor's degree and only 1% have a post-graduate degree.
If this current education deficit trend continues, then we will be seeing a serious lack of skills in America's workforce in the future.
Contrast this to the current U.S. Asian population which is only 10 million, but controls more than half of the discretionary income the entire U.S. Hispanic population currently controls ($1.5 Trillion)
The answer is obvious:
The Asian population in the U.S. is highly-educated and holds over 23% of the nation's professional jobs in science, finance and healthcare.
What does this mean to me as an employer?
Improving people's formal education levels and skill sets is not only a business initiative, but it must become a national initiative if we are to stay competitive globally!
What else does this mean to me?
People from different cultures deal with workplace motivation, conflict resolution, customer service and quality differently.
If you do not know how to approach employee development and in a culturally relevant way, in this new world, then you will soon be out-of-business!