Intro to Business CHAPTER ONE Today’s Business Workforce has to deal with new trends that challenge their skills for managing and developing human resources – Changes in the workforce:

Intro to Business CHAPTER ONE Today’s Business Workforce has to deal with new trends that challenge their skills for managing and developing human resources – Changes in the workforce: Aging of the Workforce 1.Baby Boomers have begun to retire 2.Employer have to focus on: retirement, disability programs, retraining and insurance benefits America will have 72 million people over the age of x’s of today.

Intro to Business CHAPTER ONE Today’s Business Workforce has to deal with new trends that challenge their skills for managing and developing human resources – Changes in the workforce: Shrinking Labor Pool. 1. Technology has intensified 2. Workers are required to have more advanced skills 3. “Sink or Swim”

Intro to Business CHAPTER ONE Today’s Business Workforce has to deal with new trends that challenge their skills for managing and developing human resources – Changes in the workforce: Increasingly Diverse Workforce 1.Immigration 2.Managers must work effectively with diverse groups of people. 3.Diversity can enhance a company’s chances of success. 4.Attention to Diversity Issues can help avoid costly legal battles.

Intro to Business CHAPTER ONE Today’s Business Workforce has to deal with new trends that challenge their skills for managing and developing human resources – Changes in the workforce: Outsourcing 1.Using outside vendors to produce goods or services that you previously handled. 2.Reduction of labor and production costs, improvement in quality or speed of development 3.Allows firm to concentrate on what it does best, and gains access to expertise. 4.Offshoring is used to lower costs in production and labor.

Intro to Business CHAPTER ONE 21 st Century Manager Must be highly motivated Must create and sustain vision Must apply critical thinking skills to steer change Must be Creative