The Changing Workforce The composition of the modern labor force is changing rapidly. Increasing diversity in race, ethnicity, a
nd gender, a shift in age distribution, and a shift in the skill levels required of the workforce have created new challenges for human resource professionals. It is critical for human resource managers to be aware of the changing trends in workforce composition because these trends will impact the organization's options for creating an internal labor force with the skills and motivation to help the organization gain a competitive advantage Read the case below and answer the questions that follow Jennifer thought she had done a good job as her company's HR director in terms of forecasting employee needs, but there were clearly some trends that she had not anticipated. The most significant of these trends was the huge increase in the number of immigrants now living in the local community. Although these newcomers were willing and capable of performing many jobs in the company's plant, there were some definite issues with language and cultural differences.
Jennifer also sensed some reservation on the part of long-time employees toward accepting the newcomers. Jennifer now knows she needs to be proactive in preventing workforce issues and making the best use of this new group of potential employees. Which of the following is not a trend in the composition of the labor force impacting HRM practices today?
a. skills needed have shifted away from physical strength
b. older workers are staying in the workforce longer
c. younger workers between 16 and 24 will be fewer
d. asian and other groups are the fastest growing category
e. more women are in the pald labor force than in the past
e. more women are in the paid labor force than in the past
Explanation:
The labor force is also known as the work force. It is defined as the labor pool that is either in the employment or the unemployed. It generally describes those people who are working for an organization.
The workforce today is changing and is different from the early days. The modern labor force is rapidly changing. There is a huge challenge for the HR professionals as there is increase in the diversity of race, gender, ethnicity , age distribution and the requirement of skills. Now-a-days more and more women are engaged in the paid labor force as compared to the early days. More women are learned and skilled and work under a paid labor force. They have shown success in many fields and are sometimes better performer than men.
Thus now more women are in the paid labor force when compared to the past.
Total Paid-in capital = Preferred stock + Paid-in capital in excess of par value - preferred stock + Common stock + Paid-in capital in excess of par value - common stock
After being served with a summons and a copy of the complaint, one is expected to answer to these summons. After this, it is advised one goes to the court house and file it with the court. Ensure a copy of your answers are sent to the plaintiff. Answering summons on time gives one an edge and thus, the plaintiff would not be able to request a default judgment.
When asset specificity is very high and there is market uncertainty, then it is best for a firm to vertically integrate.
Vertical integration is simply when an organization or a particular business controls its suppliers. This will be beneficial as it'll help by improving efficiencies and in the reduction of costs.
