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20 June, 01:52

Describe trends in the labor force composition and how they affect human resource management. The key trends are:1. An aging workforce2. A diverse workforce3. Skill deficiencies of the workforce

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  1. 20 June, 04:30
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    The key trends have some significant impact on human resource management.

    Explanation:

    (1) Aging workforce

    An aging work force simply means those that are actively working are fast approaching their retirement; hence relevant skills that these aging workforce have, might get extinguish, if they are not transferred to the younger workforce.

    (2) Diverse workforce

    A diverse workforce is a broad combination of individual differences in the workplace, the more diverse a workplace is, the more it's ability to relate with external business environment.

    (3) Skill Deficiencies

    Skill gap in the work place is a threat to the survival of many businesses. In a bid to curb this issue, training and retraining of employees' is required.
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