HRM301 Lecture Notes - Lecture 2: Offshoring, Millennials, Baby Boomers

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM301
• Professor: Dean Bulloch

Document Summary

Globalization: globalization is about the creation of a borderless global economy that allows unhindered movement of finance, products, services, information, and people, global markets create competition which ensures better products and services at better prices. Demographic trends: the changing demographic profile of canada"s population will be a key driver of both government and hr policy, fertility rates down, the aging of the baby-boom generation is here and is greatly affecting social . Technology and communications: digital technology (speed, efficiency, portability (laptops, palmtops, mobile phones, workflow/collaboration software (24/7 working, higher productivity, connectivity (internet, intranets, customization (products, services) Integrated global market: global brands, deregulation, off-shoring (labour intensive and low automation, outsourcing (low value-added activities) Organizational strcutures: mergers, acquisitions and alliances, restructuring, migration of work (manufacturing, services and specialist/knowledge functions, workforce demographics (diversity: gender, ethnicity, age, health (longer life spans in developed countries)