question archive The workforce is changing rapidly
The workforce is changing rapidly
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The workforce is changing rapidly. Research reveals that of the 7.8 billion people in the world, 3.1 billion of them are workers. Now, it is possible for everyone to work from everywhere, due to the pervasiveness of technology, implying that work no longer has to have boundaries. The global talent pool is competitive and constantly evolving. However, employers have fired 30% of employees for surfing the web at work, yet employees who surf the web are shown to be 9% more productive than those who don't. Today's workforce is connecting, mobilizing, aging, diverse, as well as evolving. Discuss five (5) changing trends affecting the practice of human resource management in the 21st century.
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The five (5) changing trends affecting the practice of human resource management in the 21st century are:
- Technology: Change in technologies increases the needs of the technical personnel in the company.
- Global market: Today, the whole world is a single market as the territory of the business has increased and therefore the dynamic candidates are required.
- Increase in competition: The competition in the market has increased and therefore to survive and grow in the market, the talented candidates should be given.
- Government intervention in wages and salary to the employees and the laborers.
- The youth have more job opportunities and therefore to retain them for the long term in the company, the HRM should practice accordingly.
