The labour force is made up of both internal and external workers. According to the Bureau of Labour Statistics (BLS), there will be an 11% slower growth rate in the labour force from 1996-2006 compared to the previous decade. Despite an increase in youth employment, aging is expected to have a dominant effect on the entire workforce.
It is essential for an organization to have retirement plans, health schemes and strategies for retaining young employees in specific situations. According to BSL projections, racial and ethnic diversity is impacting the workforce, with "Asian and other" groups and Hispanics expected to experience growth by 2006 due to high population rates and immigration. Women's pay has increased in the workplace compared to previous years, while businesses are now seeking individuals with technology skills instead of those who specialize in manual labor.
Customer demand for high quality produ
...cts and the necessity of employees to make autonomous decisions and foster teamwork have led to changes in the high performance work system. Teams are expected to be flexible, with members able to perform each other's tasks. Furthermore, there has been a transition from manufacturing to service sectors due to the rise of e-commerce, resulting in an increase in service-focused positions over manufacturing roles.
Organizations strive to retain knowledge workers, who possess specialized knowledge due to changing industry trends. Empowerment, where employees make decisions, enhances the longevity of businesses. Furthermore, teamwork is being emphasized, wherein teams self-select members, ensure quality, and perform tasks typically managed by superiors. To support the company's strategy, management must view HRM as a crucial tool.
The HRM plays a crucial role in shaping the company's strategies and leveraging its workforc
to achieve business objectives. For organizations committed to quality, TQM and HRM should collaborate to develop the best human resources for implementing quality measures. In mergers and acquisitions, the HRM must prepare employees for the anticipated changes to minimize the risk of decreased productivity, ensuring that employees feel affiliated with the mother company even after restructuring. Downsizing initiatives should only result in laying off employees based on their performance rather than factors such as age.
Downsizing without a proper plan can actually result in higher costs for an organization, including the need to hire new employees. It is beneficial for organizations to expand into global markets and employ locals who may work for lower wages. However, it is important to ensure that these employees have the necessary skills and technical know-how. Sending employees on international assignments can also be helpful for the organization.
Reengineering requires the assistance of HRM to help employees adapt to new circumstances by providing training and possibly outsourcing to acquire essential skills. The Equal Pay Act of 1963 mandates that men and women in the same organization holding identical positions receive equal pay. The Age Discrimination Act of 1967 prohibits older staff members from being laid off due to a company's apprehension about downsizing expenses. Furthermore, the Vocational Rehabilitation Act of 1973 fosters job prospects for persons with disabilities.
According to Jackson, HRM is essential for ensuring that all departments operate in line with the organization's objectives. This involves following recruitment regulations, including those related to affirmative action.
H.J. published a book titled "Human Resource Management" in 2006 with an ISBN of 0324289588 by Thomson South-Western.
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