dentify and discuss the potential influence of two of the following trends and changes in the external environment on the design and implementation of human resource practices. How do these trends change Human Resource functions such as recruitment, training and development, compensation, employee relations among others? Amins f the labes feces
dentify and discuss the potential influence of two of the following trends and changes in the external environment on the design and implementation of human resource practices. How do these trends change Human Resource functions such as recruitment, training and development, compensation, employee relations among others? Amins f the labes feces
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Question 1
Identify and discuss the potential influence of two of the following trends and changes in the external environment on the
design and implementation of human resource practices. How do these trends change Human Resource functions such as
recruitment, training and development, compensation, employee relations among others?
Aging of the labor force
• Life expectancy (76.9 years); Workers 55 years and older are about 27% of workforce;
Increase in knowledge workers
Workers who responsibilities involve more planning, decision-making, problem-solving, rather than merely physical execution
Increasing diversity in the workforce (women and minorities)
• 2010 – White (64%), Hispanics (16%), Black (12%), Asian (4%)
• 2050 – White (46%), Hispanic (30%), Black (14%)
• Women 47% of the workforce, will reach 50% by 2020
• 80% of women with school-going children employed
Increasing number of foreign-born employees
Highly skilled immigrants
• Low skilled immigrants
Multi-generational workforce
People 55 years and over will be 25% of workforce by 2018
16-24 years will be 12% of workforce in 2018
• 24-54 years will be 63.5 percent of the workforce
Increasing use of social networks
• Facebook users over a billion monthly users
Global waming environmental awareness, sustainability. CSR
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