Here is the synopsis of our sample research paper on Trends In Workforce Compensation. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 6 page paper that begins with a report of the top ten trends in the workforce and trends in compensation plans for 2009. The paper also reports short- and long-term trends in rewards and compensation across the world, including reports from the U.K., Europe, Asia/Pacific and North America. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: ME12_PGwkcmp9.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
workforce trends change. In and updated article related to the book, "The Extreme Future: The Top Trends that will Shape the World in the next 20 Years," Dr. James Canton
(2009) identified the top ten workforce trends in 2009. Canton (2009) views trends from a global perspective from which emerges the major trend of a global war for smart
talent. This means that corporations across the globe will be competing to recruit, hire and retain employees who are highly skilled, very knowledgeable and who have experience (Canton, 2009). Other
workforce trends include: an aging workforce; an increasing number of women in higher level positions and on boards; an increasingly more diverse workforce; a challenge finding and recruiting employees who
are skilled in high-tech areas; the need for continuing innovation and creativity; deliberately focusing on building a sustainable workplace, which is directly related to green technology and practices; helping employees
deal with the complex and very stressful global corporate future that is always changing; a comprehensive commitment to developing the knowledge and skills of employees; and preparing the existing workforce
while also recruiting a new workforce that is able to adapt to cultural changes in the corporate world (Canton). Abusah, Conroy and Gross also report the workforce force is aging
in all developed nations. In summary workforce trends are identified as increasing diversity, sustainability, competing globally for knowledgeable and talented persons, environmental-friendliness, developing existing personnel, and preparing workforce for changing
organizational cultures. These are the factors that will lead to a competitive advantage. As the workforce and the needs of the workforce changes, changes in human resource practices, including compensation
plans will also change. Some authors, such as Pinto, allege that compensation plans being used by most organizations are outdated. They are based on the past industrial age rather than
...