Describe trends in the labor force composition and how they affect human resource management. The key trends are:1. An aging workforce2. A diverse workforce3. Skill deficiencies of the workforce

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Business

Adkins

5 April, 13:39

Describe trends in the labor force composition and how they affect human resource management. The key trends are:1. An aging workforce2. A diverse workforce3. Skill deficiencies of the workforce

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Julian Proctor · Answer 1

The key trends have some significant impact on human resource management.

Explanation:

(1) Aging workforce

An aging work force simply means those that are actively working are fast approaching their retirement; hence relevant skills that these aging workforce have, might get extinguish, if they are not transferred to the younger workforce.

(2) Diverse workforce

A diverse workforce is a broad combination of individual differences in the workplace, the more diverse a workplace is, the more it's ability to relate with external business environment.

(3) Skill Deficiencies

Skill gap in the work place is a threat to the survival of many businesses. In a bid to curb this issue, training and retraining of employees' is required.