ASA Insights
Jan. 28, 2016

Turbulent Times Ahead for Industry Workforce
American Supply Association
In 2015, the ASA Education Foundation Board of Trustees commissioned a national labor study to determine both the short term and long term state of labor in the PHCP & PVF industry. The initial purpose of the study was to determine how many people are currently employed in all three segments of our industry; distributor, manufacturer and independent manufacturer representative. More importantly, the study sought to identify how many people will exit our industry over the next 10 years through retirement or other opportunities outside of the industry. The study finds an astounding 25 percent of our labor force exiting the industry within the next 10 years - a number much higher than anticipated. 2015 ASA National Labor StudyMore

ASA and the Industry in Position to Combat the Upcoming Workforce Shortage
American Supply Association
ASA Executive Vice President, Mike Adelizzi, explains how ASA and its members are going to take the labor shortage head-on. ASA has already developed PHCP-PVF industry-specific Career materials for members and has reached out to 38,000 high school and college guidance counselors, as well as principals, for their upcoming career events. Check out the video by clicking below!

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Mixed Forecast for Residential v. Commercial Construction
ASA Advisor©
According to the latest forecast from ITR Economics™, sales for ASA members rose 3.8 percent in 2015 and will continue to rise over the next three years, although the pace will likely be moderate in the first half of 2016. Residential construction will provide the most opportunities in the first and second quarters, while commercially-oriented ASA members will likely face headwinds until the third and fourth quarters.

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Two of the Fastest Growing Groups in ASA
American Supply Association
In 2015, ASA's Women in Industry (WII) and Young Executives (YE) Divisions reached new heights. Attendance for both the WII and YE Division Spring Conferences shattered previous year’s records. The divisions continue to be ASA’s fastest growing and the "buzz" of the industry. Women In Industry gives an opportunity to make unique connections with those involved in similar experiences and career paths, as well as learn skills in order to reach and "go beyond" their potential. The Young Executives provide a forum for the industry’s future leaders to build key relationships and to work together. Plan on attending the Women In Industry Spring Conference (April 27-29 in Chicago) and the YE Spring Forum (May23-25 in Memphis).More

Read the Latest from Morris Beschloss on USA Today
American Supply Association
This week's news: Wages Rise, as Labor Force Participation Bottoms (USA Today)

Want to read more from Beschloss? Click here to go to USA Today for a full archive of past articles.More

The Google Tool That Helps You Make Better HR Decisions
Entrepreneur
Data has the power to strengthen everything businesses do, from the new products they launch to the marketing campaigns they use to promote those products. Gathering information and putting that information to use has become big business, creating jobs and cloud solutions. When a business is more informed before making decisions, that business can get more return from every dollar it spends. READ MORE

Want help developing your own training program? Go to ASA-U Advisory Service today for more information.More

Halliburton Sheds Another 4,000 Jobs
FuelFix
Oil field services giant Halliburton shed another 4,000 jobs in the final three months of 2015, as the Houston-based company continued to aggressively cut costs amid the worst oil crash in decades. With the latest job cuts, Halliburton has reduced its global workforce by 25 percent, a total of about 22,000 employees since its peak in 2014. And more cuts could be on the way if a recovery in crude prices stalls, company executives said.More

Schlumberger CEO 'Optimistic' Job Cuts Are Over After 34,000 Slashed
FuelFix
The chairman and CEO of Schlumberger said he is "optimistic" the world's largest oil field services company is done eliminating jobs now that it has cut 34,000 positions — more than 25 percent of its global workforce. Schlumberger posted a nearly $1 billion net income loss during the fourth quarter and a 60 percent net income decline for all of 2015 from the prior year. More