HRM 3430 Chapter 3: Demographic Factors
12 Feb 2018
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Document Summary
Demographics refers to studying the statistics of a population. Demographic factors affect human resources management immensely. Demographic factors impact and influence the organization. The impact that demographic factors have effect organizational policies. Examples include the increasing number of work within the workforce, the retirement of baby boomers, arrival of younger generations in the workplace. The number of baby boomer employees is greater than the demand for them for the positions within middle management as well as ranks of seniority positions. When organizations and businesses decide to go flat it makes an impact. It creates a surplus supply of baby boomer workers nearing to retire. It is up to the hr professional to make this work and balance it out. The most significant element of the demographic factor is the labour market. It must be closely looked at in depth by human resources employees.
