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Changes in Labor Force (4)
- 1)aging workforce
- 2)diverse workforce
- 3)skill deficiencies
- 4)HR/Business Implications
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Aging labor force
- - 55+ expected to increase
- - 25-54 expected to decrease
- - 16-24 expected to decrease
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Diverse Workforce
- black expected to stay same
- asian expected to increase 1%
- other expected to increase 1%
- white expected to decrease 2%
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HR/Business Implications (3)
- 1)retirement planning- transition to retirement
- 2)control the rising costs of health care + other benefits
- 3)supervising employees much older than themselves
- -keep an open mind
- -focus on results
- -be discrete about your age
- -offer consulting positions
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Business/HR Implications
- 1)create an organizational culture that values diversity
- -ensure that HRM systems are bias-free
- -encourage career development for women + minorities
- -promote knowledge + acceptance of cultural differences
- -deal with employees resistance to diversity
- -ensure involvement in education both within + outside the organization
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Skill Deficiencies of the workforce (3)
- 1) the gap between skills needed and skills available has decreased companies ability to compete
- 2)They sometimes lack the capacity to upgrade technology, to reorganize work, and empower employees
- 3)Today employers look for: math, verbal, interpersonal, and computer skills
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High-Performance Work Systems
- -Have the best possible fit between: social system(people and how they interact) + technical system(equipment and processes)
- -Key Trends: reliance on knowledge workers, the empowerment of employees to make decisions, and the use of teamwork
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Knowledge Workers
- 1)Employees whose contribution to the organization is specialized knowledge, like knowledge of:
- -customers
- -process
- -profession
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Managing Knowledge Workers (3)
- 1)focus on general cognitive skills and interpersonal skills
- 2)respect knowledge workers power
- 3)promote and capture the learning at the level of employees, teams, and the overall organization
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Employee Empowerment
Giving employees responsibility and authority to make decisions regarding all aspects of product development or customer service
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Employee Engagement
- Full involvement in ones work and commitment to ones job and company.
- -This is associated with: -higher productivity
- -better customer service
- -lower employee turnover
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Teamwork
the assignment of work to groups of employees with various skills who interact to assemble a product or provide a service
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Social loafing
tendency to withhold effort when performing a group task
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Free rider effect
people lower their effort to get a free ride at the expense of their fellow group members
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sucker effect
people lower their effort because of the feeling that others are free riding
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Virutal Teams (3)
- 1)work groups that use technology to communicate and collaborate across time, space, and organizational boundaries
- 2)often cross-functional in nature
- 3)around the clock work, reduced travel time and cost, larger talent pool
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Total Quality Mgmt. (TQM)
- -companywide effort to continuously improve the ways people, machines, and systems accomplish work
- -approach provides guidelines for all the organizations activities including HRM
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Mergers + Acquisitions (2)
- Conflict Resolution- differences between businesses involved make conflict inevitable.training involves conflict resolution skills
- Policy Discrepency- need to sort out differences for compensation, performance appraisal, and other HR systems
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Reengineering (2)
- 1)a complete review of the organizations critical work processes to make them more efficient and able to deliver higher quality
- 2)involves reviewing all the processes performed by all the organizations major functions. (includes HRM)
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Outsourcing (2)
- -the practice of having another company (a vendor, 3rd party provider, or consultant) provide services
- 1)gives the company access to in-depth expertise and is often more economical as well
- 2)HR departments help with a transition to this
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Global Markets (2)
- Offshoring- moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available
- International Labor Pool- hiring at home may involve selection of employees from other countries. Beg. of 21st century has seen significant immigration
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New Psychological Contract
- -description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributions.
- Employee Contributions-high performance, longer hours, excellent customer services
- Employer Input-training, flexibility, work-life balance
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Flexibility (2)
- 1)alternative work arrangement: in dependent contractor
- -on-call workers
- -temporary workers
- -contract company workers
- 2)flexible work schedule
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