Increase In Demand By Consumers example essay topic

The economy appears to be making a shift for the better. In the past few years, unemployment numbers have increased at shocking rates but recent occurrences say otherwise. Back to school shopping and the 'rallying stock market' are both indicators 'that the economy is set to motor into 2004' as stated in the Business Week article. With a heavy demand by consumers steadily increasing, businesses will be forced to supply a larger amount of workers. Managers will be forced to hang "Help Wanted" signs.

But this change isn't expected to occur overnight. Companies are 'still wringing [out] every bit of productivity they can get out of their existing workers. ' Some companies are hesitant and don't want to hire new employees as of yet. While other companies are eager to see what a new staff can bring into their companies. New employees will bring different perspectives, techniques and new knowledge. Despite eagerness of new blood in companies, others will continue to downsize.

Such companies include manufacturing, where the constant goal to be met is increasing profits at all costs. As of the end of 2001, output has steadily increased at a rate of 2.6% annually. By the year's endings and the beginning of 2004, output is expected to reach 4% to 5%. And as the holidays arrive, and the Friday after Thanksgiving nears (otherwise known as Black Friday in the retail business), managers must take into heavy consideration hiring new hands. Management will be responsible for finding new employees that will best fit their companies. Managers will have to interview possible candidates.

As well as train those selected for the position and make sure their new associates are aware of the rules of the workplace. Hiring new staff requires time and plenty of work in planning and organization on the manager's part. Management strives for efficiency and effectiveness in the workplace. Managers must be aware of their resources and must not spread them too thin (efficiency). With an increase in demand by consumers, management must find more resources to fit the consumer's needs, thus hire more employees. Companies realize that by hiring new employees could cut into their possible profits but must be willing to take the risk because it is the right thing to do (effectiveness).

They are also taking the risk of succeeding. Jobs are opening and a 'job bonanza' is expected to occur. 'All the important pieces -- including simulative government policy and accelerating demand -- are finally in place to turn this jobless recovery into an upturn that creates more paychecks than pink slips. '.