Impact of globalization on career planning

1. Labor Market Information in a Flat World Presented by Michele Martin, The Widing Group

2. In 2005, 500,000 tax returns were processed overseas. In 2005, over 400,000 tax returns were prepared overseas.

3. Radiologists in other countries are reading your MRI.

4. Someone in India is taking your order or fixing your problem

5. You can pay your bills, apply for a loan and do all your banking without ever talking to anyone.

6. You’ve become your own ticket agent, baggage handler and concierge.

7. Advances in Computer tech, Biotechnology and Nanotechnology are automating everything.

8. The Internet links workers and work, 24/7.

9. Companies can go where the talent is cheap And they do.

10. There are 150 million people in the entire U.S. workforce. Since 2000, 150 million educated workers have joined the global workforce.

12. $700 a month provides a solid living for a college-educated call center worker in India. A Chinese manufacturing worker makes $265/month or $3,195/year.

13. How did we get here?

16. What does this mean for us?

18. Traditional views won’t cut it anymore.

23. These jobs can be outsourced Bill/Mortgage processing Travel/ticketing “ Junior” accounting and legal Medical testing/diagnostics Computer programming Medical transcription

24. Anchored Jobs Must be performed in particular geographic location

25. Anchored-Tier 1 Low skill/low wage

26. Anchored—Tier 2 High skill/higher wage

27. But there can be fungible parts of anchored jobs

33. Average Global Salaries for Programmers Poland/India/ China $5k-11k Canada/Ireland $23k-34k USA $60k-$80k