37:533:301 Lecture Notes - Lecture 9: Retraining, Deskilling, Telecommuting

• School: Rutgers University
• Department: Human Resource Management
• Course: 37:533:301
• Professor: Hadi El Farr

Document Summary

Hispanics are the fastest growing segment of the workforce. Women make up a majority of the workforce. Shift from the factory systems (industrialization) to the information and knowledge economy. Shift from mass production to customization and innovation. Even factory workers nowadays require more skills than before. Sometimes eliminates jobs (major downsizing might be needed) Challenges privacy issues and potential misuse by employees. Organizations are forced to compete on a global level. Encourages offshoring sending work once performed domestically to other countries for lower costs. Challenges companies with differences in values and beliefs. Created free trade zone among canada, mexico and the united states. Due to the reduction in trade barriers such as tariffs, businesses can increase their imports and exports. Many us businesses created subsidiaries in mexico acting as a twin plants or outsourced work to mexico in order to reduce the cost of production. Created single market with removal of trade barriers. Allows free movement of people across borders.