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The Workplace and the Trends - Term Paper Example

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The paper 'The Workplace and the Trends' focuses on the purpose of SHRM Workplace Forecast which is to report on the views of HR professionals regarding trends that are likely to affect the workplace in future as well as the actions being taken or intend to be taken by the HR professionals…
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The Workplace and the Trends
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Download file to see previous pages The key trends that continue posing challenge to HRM include: High cost of healthcare, competitive global environment, complex legal environment and changes to laws, aging workforce and retirement of Baby Boomers, lack of skilled workers, economic uncertainty and volatility, and greater demand for work/life balance (SHRM, 2013, p. 4).
Due to these trends, HR executives will face many challenges in future including retaining and rewarding best employees, succession planning, creating a corporate culture that attracts potential recruits, maintaining competitive edge in talent market as well as finding people with specialized skills (SHRM, 2013, P. 7). Myrtle (2015, p. 26) asserts that in some regions, over 60 percent of organizations face difficulties hiring workers with critical skills.
In response to these trends, HR professionals are taking various actions. One of the actions being taken in recruiting, retaining and developing employees to bridge the skill gap. They are also embracing technology such as e-learning, use social networking sites for a myriad of purposes such as recruitment, and technology-based employee and manager self-service applications (p. 6). Legal compliance is also top on the agenda.
The author divides the trends into four groups: demographics and society, economics and employment, science and technology, public policy and law. This is supported by Myrtlewho divides trends into political, economic, social and technological. The democratic trends which include age, gender, ethnicity, language and geography influence the workplace in terms of access to talent, employee relocation, gender balance and conflicts in the workplace. ...Download file to see next pagesRead More
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