Introduction The aerospace industry is required to traverse the fluctuating conditions of multifaceted global economic system, and must position themselves globally to attract and sustain the personnel that will be essential in the industries quest to be a successful the aerospace manufacturing. As this paper will show, the aerospace industry and manufacturers will be presented with, and face issues from the future workforce as well as from shifting processes of the work in this evolving competitive global market. As a result of this evolution, human resource managers will need to remain in front of the curve by having a comprehensive knowledge and understanding of key imminent demographic, societal shifts, as well as technological advances. …show more content…
The issues facing aerospace companies are a multi-generational workforce, and a mounting cultural diversity. Management of people is cited as the biggest challenge facing aerospace companies over the next decade, according to a 2013 survey of 636 C-level and senior executives by The Economist Intelligence Unit, sponsored by the SHRM Foundation. The aging population will persist in confronting the aerospace industry with the test of meeting their needs. Senior and experienced employees are departing the workforce in alarming numbers, posing a leadership and skilled labor vacuum. It is notable that many older workers, mostly in the United States and other developed countries, have planned to continue working into their late sixties and early seventies. This trend is primarily the need to continue an income stream because pensions and 401K benefits will not meet the of their lifestyle. Human resources departments will need to adapt and produce a more complex and flexible incentive program to maintain experienced members within the workforce due to shortages. Aerospace companies will need to analyze what skill set and training aging employees will need to be successful, …show more content…
Aerospace manufacturers are struggling to recruit those whom possess the talent and ability to guide the organization through an extremely competitive global economy. A weak skill set is rapidly prevalent in the Asia Pacific, which is causing alarm for many aerospace companies pursuing expansion within the region. In an executive survey conducted for the 2011 Global Talent Index, written by the The Economist Intelligence Unit and published by Heidrick & Struggles, 52 percent of Asia Pacific respondents said that “limited creativity in overcoming challenges” was a primary shortcoming among candidates, compared to 37 percent in Western Europe and 36 percent in North
Right now these are just small threats to Boeing. But as things advance, there is no telling what the new market trends will be and what new directions a company like Boeing must take. It is important to continually perform SWOT analysis and stay nimble. Overall, the Boeing Company has stayed strong in the aircraft field and with record profits for the past two years it looks like they are achieving their goals. Boeing has had to change their business direction over the past 100 years in order to stay on top of the aircraft industry.
The Boeing Corporation is one of the largest manufacturers in the world. Rivaled only by European giant Airbus in the aerospace industry, Boeing is a leader in research, design and manufacture of commercial jet airliners, for commercial, industrial and military customers. Despite enjoying immense success in its market and dominating an industry that solely recognizes engineering excellence, it is crucial for Boeing to ensure continued growth through consistent strategy formulation and execution to avoid falling behind in market share to close and coming rivals.
The future of the aerospace industry will involve gradual changes in the near term, with the prospect of more radical shifts in the decades t...
To be the number one aerospace company in the world and among the premier industrial concerns in terms of quality, profitability and growth
Aviation has come a long way since the 19th century, from the Wright brothers taking flight with the first powered and controlled gliders, to aircraft that can travel up to supersonic speeds, orbiting satellites and space stations which then were only thought to be science-fiction. Aerospace and aviation has proven to be one of the biggest challenges to advance in the entirety of human existence. There are many factors and characteristics that contributed to this advancement such as the engines of aircraft, forces of flight, aerodynamic forces, wingspans etc. The two most significant aspects however have been; World War 1 and World War 2.
The engineering section of aircraft manufacturing is quite old. It is characterized by a few firms that keep Rolls-Royce on its toes in terms of competition, like General Electric. The small number of firms can be justified by the high cost of starting of...
Managing Human Resources (11th ed.). Mason, OH: South-Western. Jones, D. (2005, July 15). Pilot seniority a hot issue at merging airlines. In FAPA.Aero.
Gaining a substantial market power in the commercial aviation industry allows for significant impact on technological development, economic growth, employment, and national prestige (Carbaugh & Olienyk 2004). In 2010, more than any manufacturer sector, the value of aerospace industry shipment in the US accounted for more than $171 billion of civil aircraft and a trade surplus of more than $43 billion (Harrison 2011). Like any other industry, large commercial airplane industry gets affected by macro, endogenous, and exogenous factors. Several factors may influence the industry i...
The outsourcing dilemma – the outsourcing strategy that Boeing has been following in the Dreamliner has been explained by James Allworth as “the most extensive outsourcing campaigns that Boeing has ever attempted in its history”. Boeing should have kept producing their aircrafts “under one roof” to avoid fatal design mistakes just like what happened in the ‘87 (Allworth, 2013).
Aerospace engineers examine, analyze, design, produce, and occasionally install components that make up aircraft, spacecraft, high-altitude vehicles, and high-altitude delivery systems (missiles). Satisfaction with the romantic image of rocket building can buoy many engineers through the highly anonymous work environments that many of them face. Individuals don't assemble rockets; teams do, dozens of teams working in highly supervised coordination. An aerospace engineer plays some part on one of the teams, spending more of her time (roughly 70 percent) in a lab, at a computer, and assembling reports than doing anything else. Not being able to see the "big picture" frustrates some professionals. The path to becoming an aerospace engineer is a rigorous one, but those who manage to survive the difficult lift-off emerge with an above-average degree of career satisfaction.
(Masters, 2007). Boeing's management team works hard to plan what projects will be best for customers, lead to the largest returns to shareholders, and maintain a reputation of being a world leader in the aviation industry. " In October 2002, executives of the aircraft manufacturer met with a group of global airline representatives at a conference center on the Seattle waterfront. The executives were trying desperately to figure out what to build next to hold off a soaring Airbus. "
In dynamic, global competitive markets, successful organizations are likely to be staffed with managers capable of adapting to constantly evolving roles, and with the capacity to achieve and sustain optimal levels of performance. The global market place has currently impacted the practice of human resources management in the United States and will continue in the next ten years.
The Human Resource topic that we selected is to analyze the benefit programs of four major airlines. Benefits are important to employees as well as their families, and can be a powerful recruiting tool. Benefits also play a major role in managerial decisions and wise benefit choices can have a long-term impact on the quality of life. Some characteristics of a sound benefits program are, they must have clear specific objectives, they must allow for employee input, they must be responsive to societal and environmental change, provide for flexibility, and there must be clear communication with employees. One of the main challenges that companies face are the overall costs of these benefit programs to the companies themselves, as well as staying competitive in hopes to attract high quality employees. Almost 40% or $14,678 per employee is spent on benefit programs per year.
Tourism is an industry, with air transport becoming an indispensable factor. One major growing trend in airline industry is market globalization. People travel to other countries for both business and leisure purposes, leading to 7% increment in air travel per year. As a market is globalized, those involved will evolve into global customers who go in search of suppliers running on global base. This leads to a growth in business travel due to the global involvement of companies in terms of investments, production chain, supply and customers. Thus, the participation of air transport in facilitating the world trade is prodigious. Aviation implements another economic benefit of the air transport by providing consumer welfare to individuals while considering the environmental brunt such as the air quality, congestion and noise in the proximity of airports. Air transport being highly demanding has doubled the passenger numbers since the 1980s and over the last decade, it has increased by 45%. The huge growth and development of the aviation field has benefitted in heaps regarding
In the future, employing organizations will face a wide range of issues and challenges in meeting their workforce requirements. These periods of difficulties generally will center around the effects of external environmental influences on the organization and the manner in which it manages ongoing issues. Many of these external factors filter down and influences an organizations roles and responsibilities for talent scarcity, changing products or services, shifting demographic composition and their consumer preferences, etc.