Source:
Conference Board , Feb 28, 2005
http://www.conference-board.org/utilities/pressDetail.cfm?press_ID=2582
Worker Survey:
-
40% of workers feel disconnected
from their employers.
-
14% are very satisfied with
their job
-
Two out of every three workers
do not identify with or feel motivated to drive their employer's
business goals and objectives.
-
25% of employees are just “showing up to collect a paycheck.”
-
Company promotion policies and
bonus plans tended to be the lowest on the satisfaction scale.
-
Educational and job training
programs
did not fare well either. Only 30% of workers claimed to be satisfied
with these types of company programs.
==============================================
Forbes Magazine, for
the
May 1,2000 issue (on Page 113), asked the Census Bureau for Data on
Household
Income by Age Group. The Numbers Below reflect the data by Age:
|
Age Range |
90th % |
95th % |
99th % |
|
15-24 |
$57,000 |
$72,300 |
$131,900 |
|
25-29 |
78,200 |
96,500 |
155,300 |
|
30-34 |
90,800 |
114,100 |
201,000 |
|
35-39 |
102,200 |
132,900 |
263,300 |
|
40-44 |
109,600 |
145,000 |
275,700 |
|
45-49 |
116,700 |
147,500 |
269,800 |
|
50-54 |
130,100 |
168,400 |
312,900 |
|
55-59 |
122,000 |
162,200 |
324,700 |
|
60-64 |
100,100 |
131,600 |
269,300 |
|
65-69 |
85,200 |
120,200 |
221,600 |
|
70-74 |
68,000 |
93,600 |
174,900 |
|
75&Over |
54,300 |
76,300 |
161,000 |
|
Overall AVG |
100,100 |
130,100 |
238,900 |
It should be
noted that the
AVG for 50th % was $38,000! Our intention for this Table is to
help
illustrate to Youthful Employees that the most money they will report
to
the IRS will occur in their Mid 50's, and that it is important for them
to develop their skills and experiences to maximize their opportunities
for that period.
American
Advertising Federation
asked Senior Execs to Rank Marketing Tactics in order of importance:
Source: Business
Week 7/26/99
P54
Product
Development 29.4%
Strategic
Planning 26.8
Public
Relations 15.5
Research &
Development 14.0
Financial
Strategies 13.6
Advertising 10.3
Legal 3.4
|
US Trust
Surveyed Affluent
Americans and determined the following:
Source: Hartford
Business
Journal 7/19/99 P14
1. How to Become
Financially
Successful in the 21st Century
Start Your Own
Business 49%
Professional-
Law/Medicine 20%
Work for Large
Corporation 14%
Join a Small
Company 13%
Don't
Know: 4%
2. Traits
Required for Financial
Success in the 21st Century
% Citing as Very
Important
Ambition 91%
Hard
Worker 89%
Technological
Savvy 88%
Intelligence 85%
Advanced
Degree 84%
Communication
Skills 83%
Entrepreneural 71%
Flexibility 69%
Financial
Skills 61%
Management
Skills 55%
Foreign Language
Skills 49%
A Charming
Personality 49%
International
Experience 45%
Well-to-Do
Family 24%
The
greatest part of America's wealth lies with privately-held,
family-owned
businesses.
Over 90% of all
business enterprises
in North America and the majority of businesses internationally are
privately
held, or family-owned.
Nearly 35% of
Fortune 500 companies
are family firms.
Family
businesses account for
78% of all new job creation, 60% of the nation's employment, and 50% of
the GDP.
More than 30% of
all family
owned businesses survive into the second generation. 12% will still be
viable into the third generation, with 3% of all family businesses
operating
at fourth generation level and beyond.
Succession
planning is a growing
issue for family businesses due to demographics. Post-World War II
entrepreneurs,
who created the world's greatest wealth, are now reaching the age when
they must decide how to pass on the wealth secured primarily in their
family
businesses.
In the next five
years, 39%
of family-owned firms will experience a change in leadership due to
retirement
or semi-retirement.
According to a
recent national
survey, 25% of senior generation family business shareholders have not
completed any estate planning other than writing a will; 81% want the
business
to stay in the family; and 20% are not confident of the next
generation's
commitment to their business.
By the year
2005, virtually
all closely-held and family-owned businesses will lose their primary
owner
to death or retirement.
The cumulative
effect of these
landmark "succession events" will be the largest intergenerational
transfer
of wealth in U.S. history. Cornell economist Robert Avery estimates
that
approximately $10.4 trillion of net worth will be transferred by the
year
2040, with $4.8 trillion being in the next 20 years.
|
