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Demographic shifts have had a major impact on HR departments around the globe. Workforces have become much more diverse and this has caused companies to resort to significant changes in the way they mange human resources (Demographic shifts and the HR challenges of the future -- HR news from Michael Bailey Associates 2014).
Changes that could affect human resources management
Ageing populations
Ageing workforces around the globe, particularly in the Western world and other developed countries because of better health care and less conflicts have huge consequences for human resources departments both presently and in the long-term in terms of recruitment and training. Ageing workforces may also result in more intergenerational disagreements in the workplace, for instance, older employees will be perceived by younger ones as being obstacles in their career progression with companies. Human resources managers will have to come up with ways to solve such imminent conflicts and disagreements so that each worker regardless of his or her age can contribute effectively towards the development of companies (Demographic shifts and the HR challenges of the future -- HR news from Michael Bailey Associates 2014).
Generation Y
While some workforces in some countries are ageing, others are increasingly composed of young people....
Attracting and incentivizing young workers to stay with a company is one of the major challenges faced by HRM. Thus, firms may need to come up with ways to manage such dynamic workforces by offering attracting incentives including clear guidelines for career progression within the company to retain the young and energetic success-oriented people (Demographic shifts and the HR challenges of the future -- HR news from Michael Bailey Associates 2014).
A globalized workforce
The phenomenon of globalizations means that companies are increasingly having culturally diverse workforces. This will result in challenges in terms of inclusion and equality for the HR Management. Realignment in terms of class, race, ethnicity and religion are now required at workplaces (Demographic shifts and the HR challenges of the future -- HR news from Michael Bailey Associates 2014).
A surge in female employment
According to estimates of Booz and Company, in the decade starting 2010 about a billion female employees would work alongside male workers changing the gender compositions, that is bound to influence changes in HRM.HR departments now need to provide conducive environments and work arrangements for the female employees to allow them to take care of their children or household work. (Demographic shifts and the HR challenges of the…
References
Challenges for human resource management and global business strategy - Future HR Trends. (2014). Retrieved October 21, 2015 from http://futurehrtrends.eiu.com/report-2014/challenges-human-resource-management/
Lerman, R., & Schmidt, S. (1999). Demographic Change and the Future Workforce. Retrieved October 22, 2015 from http://www.dol.gov/oasam/programs/history/herman/reports/futurework/conference/trends/trendsI.htm
Difference between Manual Payroll System and Computerized Payroll Systems. (n.d.). Retrieved October 22, 2015 from http://www.self-growth.com/articles/difference-between-manual-payroll-system-and-computerized-payroll-systems.
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