TITLE

The New Workforce

AUTHOR(S)
Hankin, Harriet
PUB. DATE
January 2005
SOURCE
New Workforce - Business Book Summaries;2005, Vol. 1 Issue 1, p1
SOURCE TYPE
Book Summary
DOC. TYPE
Book Summary
ABSTRACT
In The New Workforce, author Harriet Hankin offers an insightful summary of changes already underway in our society that will dramatically alter the way organizations function in the twenty-first century. She goes on further to make recommendations for attracting and retaining employees who will be motivated, loyal, and productive. These societal trends (and their economic repercussions) will require a revamping of traditional corporate human resource thinking, including human resource policy, recruiting efforts, compensation and benefits, and learning and training. The five major trends are 1) an increasingly aging, yet active population, 2) the decline of the traditional nuclear family and the rise of alternative households, 3) the presence of four generations in the workforce�with a fifth not far away, 4) a workplace that is growing more diverse and more blended, and 5) the increasing desire for finding a �higher purpose� in the workplace. Advances in medicine are now allowing people not only to live, but also to be active, well beyond the traditional retirement age. Personal desire and financial pressures are keeping them in the workplace into their seventies and even eighties. Already, it is not unusual to see four generations in the same workplace, members of the Silent Generation, Baby Boomers, Generation X, and the Baby Boom Echo. Each generation, of necessity, has its own values, work style, needs, and expectations from their employers. With changing immigration patterns and changing norms of social acceptance, the workforce is now increasingly more diverse in terms of race, religion, and sexual orientation. Likewise, with the decline of the nuclear family in American culture over the last three decades, a variety of household types have arisen�female heads of households, same-sex partners, stay-at-home fathers, two-income, two-career families, unmarried couples living together and having families�that will make a �one size fits all� human resource policy impossible. These societal changes call for ever more customized human resource options. For the majority of employees, a paycheck is no longer the major factor in selecting and remaining in their jobs. Studies show that people are also seeking a higher purpose in their work, which includes personal growth and a work/life balance. They are also seeking employers who emphasize trust, respect, and ethical conduct.
ACCESSION #
16898176

 

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