Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Need for Market Rate Surveys and Reward Research The previous articles in this module discussed how companies must be cognizant of the market trends when deciding on compensation and nonmonetary rewards. This is especially the case when premium talent has to be rewarded. Since top quality talent would migrate to the companies where they are […]
The Importance of Soft Skills to Hiring Managers When organizations desire to hire employees for job openings, there are usually a set of criteria that they use to make the hiring decisions. For instance, apart from the technical skills and the aptitude of the applicants, hiring managers also look at how presentable the applicant is […]
Changing Nature of Work and the Trends in Employment The world of work is changing. Part Time and Freelance employment has grown whereas stable and secure jobs that last an employee’s lifetime in one organization are scarce. If the Baby Boomers were expected to work all their lives in at most two or three jobs, […]
Introduction Continuing with our series of articles on HRM practices in successful companies, this article examines the performance management practices of those companies that have managed to be in the FORTUNE “100 Most Admired Places to Work in” consistently. To put it in perspective, just twenty odd companies have remained in this list throughout the […]
Employee engagement refers to a situation where the employees are engaged in their work and hardly get any time to gossip or spread rumours. It has been observed that an employee engaged in work tends to avoid fighting with others and thus enjoys a warm relationship with his colleagues. Most of the time he is […]
Career, as a series of upward moves of income, status, power and security has died long back.
In 21st century, career is seen as continuous learning and changes in identity due to experience and personal learning along with upward moves in income, status and power.
Employees, these days want a fulfilling career and organizations need to give them. The traditional psychological set up of individuals has changed and they no longer have the same interests. They desire for a boundary less, alive and flourishing career where they get a chance to shape their lives according to their requirements.
Organizations need to understand the desires and demands of their employees if they want to create a pool of talent for them and ensure better working all through. In order to strike a balance with continuous workplace changes, both employees and organizations have to come to the mutually beneficial terms so that both can meet their requirements and future aspirations.
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