Describe how changes in the workforce have been impacting or

Describe how changes in the workforce have been impacting organizations.

Solution

The global workplace is seeing lots of changes in the coming decade. In order to make the demographic change effective for the economic growth, different countries should focus on improving their education system. So the group that is expanding needs to get proper education.

The most significant demographic change facing the global workplace are:-

As per the recent report, the minorities will be the majority in America by 2050 which will be approximately 54% of the total population. By 2050, among the working age population, more than 30 percent will be Hispanic, 15 percent will be African-American and 9.6 percent will be Asian. These demographic group will be beneficial for economic growth and companies needs to focus on supporting the talent. Though dealing with aging population little costly as companies need to think about their pension fund however women population at workplace will be beneficial for both the organization and their family.

Workforce diversity refers to people with different skills, ideas, knowledge etc. who work collaboratively to meet the goals and objectives. Workforce diversity are very useful in proper functioning of the organization. It is very important to build trust and maintain cooperation by diverse workforce.

The two major form of workforce diversity are:-

Surface-level diversity refers to the human differences that can be seen easily in terms of ethnicity, race, age, sex, gender, etc. Examples are workforce consisting of older workers and younger workers, workforce consisting of male and female employees and workforce consisting of employees of different religions.

Deep-level diversity refers to the differences in values, personalities and work preferences that are not seen easily but can be determined when people get to know each other. Examples are workforce consisting of people prefer to do night shifts and day shifts, workforce consisting of people who prefer to work in a group and people who work independently and workforce consisting of people adaptable to change and people resistant to change.

It is very important for management to be aware of and manage diversity because