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Essay / Research Paper Abstract
This 4-page paper reviews two PricewaterhouseCoopers reports and discusses trends and challenges in today's workforce. Bibliography lists 2 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MThumresou.rtf
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Unformatted sample text from the term paper:
of the 20th century, "workers" were considered cogs, part of the machinery causing the industrial revolution to hum along. Companies saw little need to adapt to changing conditions -- or
at least, to adapt to a changing workforce. Even 30 years ago, these same companies pretty much handled the workforce in the same way. The trends brought forward by globalization
and competition were in the distant future. That future is here. Jobs are moving to other countries through outsourcing and offshoring, while competition
continues to increase from the rise of such powers including India, China and Eastern Europe (Phelps, 2006). The problem is that, according to PricewaterhouseCoopers 2006 "Key Trends in Human Capital"
report, leadership in corporations isnt improving when it comes to human capital. The report also points out some other disheartening facts when it comes to dealings with the workforce, namely
that theres been few initiatives involving work/life balance and productivity policies; nor does there seem to be indication that the workforce is being developed when it comes to innovation and
talent (Phelps, 2006). But the report points out that "human capital issues have a powerful impact upon all business competitive abilities" (Phelps, 2006, 5). As a result, executives involved in
human resources need to monitor their employees, to determine if they, indeed, are committed to the company, if they go the extra mile toward increasing productivity as well as competitive
advantage, or if theyre just saying that everything is okay (Phelps, 2006). In other words, there needs to be some kind of benchmarking tool of measurable success when it comes
to the workforce (Phelps, 2006). At the dawn of the industrial age, that benchmark was productivity, how many hours a worker put into his/her job and how many units were
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