Changing world of work


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Lecture notes on "Changing World OfWork" by Jayadeva de Silva

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Changing world of work

  1. 1. HumantalentsChanging World of Work(Lecture outline & Learning resource)Jayadeva de Silva M.Sc, MBIM, FIPM, FITDPlease write your own notes/impressions below in the blank space providedChangesMany changes !Rate of change too has intensified ! - Total text messages sent every day exceeds the entire population of the planet… 077 7272295
  2. 2. Humantalents -One weeks of information in the New York Times is more than one individual would have encountered in his entire life time in the 18th century -If you are one in a million in China… There are 1300 people just like you. - In India it is 1100 -The 25 % of the population with the highest IQ’s in China Is more than the entire population of North America…This means they have more honours kids than the Americans have kids… -China will soon become the number one English speaking country in the world… -If you take every job in the US today and ship it to China… they will still have a labour surplusWhat is Globalization? • Globalization – the increasing economic integration and interdependence of the world’s nations. • The invisible hand working on the global level • Countries make what they have materials for and are good at, then they trade for what they need.Examples: • The US imports fruit from Chile. • The US Company NIKE manufactures shoes in Indonesia. • When you call the DELL help center, you will speak to someone in India. • US Hollywood movies are pirated and sold for cents on the dollar in 077 7272295
  3. 3. Humantalents • Any given car will have parts from many different countries, including Korea, Germany, and China, and then have been assembled in the US.What are the Changes taking place due to Technology?E CommerceE BankingE GovernanceE LearningE MedicineInformation technology at work placeTele workingWhat are Demographic changes observed in the changing world ofwork?Ageing workforceMore women entering workforceWomen moving into non traditional jobsWhat is meant by “Glass ceiling”?DiversityWhat is diversity?Cross culture 077 7272295
  4. 4. HumantalentsFlexible Organizational StructuresAdhocracyNetworkingInter Organization networksNew work arrangementsFlexi TimeFlexi SpaceFlexi WorkFlexi SkillsFlexi payFlexi benefitsWho are Contingent workers –?CasualPart timersContract workersFreelancersWhat is Out sourcing? • Outsourcing - Businesses moving manufacturing sectors to other countries in order to reduce labor costs and increase efficiency. • Ex. car parts, computer parts, toys, clothes, etc. • Increasing outsourcing of information and service sector jobs as communication technologies improve. • Ex.: Call centers in India, drive thus • BIG CONCERN – loss of American 077 7272295
  5. 5. HumantalentsIssue of sweatshops? • Sweatshop: A manufacturing workplace that typically treats its workers inhumanely, paying low wages, and imposing harsh and unsafe working conditions • In other countries, workers do not have the protections that they have in USA such as -Minimum wage, child labor laws, overtime, safety regulations, etc. • Companies accused of using sweatshops: -Nike, Disney, the Gap, Guess, Wal-MartWhat is Tele- Commuting (tele working)What is “Leasing of Staff”?HR issues which requires special attention in a changing worldAgeing work forceNew generation of workersHealth Care CostsEmployee retentionEmployee motivationSocial benefitsGender IssuesSexual harassmentWhat is Knowledge Management?Learning Culture & Organizational 077 7272295
  6. 6. HumantalentsWhat is Work Life balance & Stress?Importance of InnovationImportance of CreativityNew forms of workNew types of OrganizationsStrategic HRMInternational HRM Talent war Talent managementWhat are Innovations in HRM & HRDNovel recruitment & selection methodsPerformance ManagementNew ways of communicationNew forms of trainingExplain the observable aspects due to Movement from IndustrialAge to Knowledge Age? 077 7272295
  7. 7. HumantalentsIndustrial Age Organisations Information Age Organisations • Mass production • Mass customisation • Labour serves machines or • Tools and machines serve labour tools • Labour applies knowledge • Labour performs repetitive tasks • Common control management • Command and control structure management structure  Knowledge-intensive • Capital-intensive • Knowledge is the primary driver • Capital is the primary driver-------------------------------------------------------------------Importance of Business Ethics ?Importance of Professional Ethics?Your additional 077 7272295