Respond to classmates discussion post. 275 words, APA format with references
Discussion: Workplace Relations, Value Creation, and the Future
Jessica Garrett posted May 21, 2020 6:15 PM
· Do you think the exponential change that futurist Leonhard talks about will take place? Why or why not?
I believe there will continue to be change within the job market.
It has already happened in the labor market. The paper by Jung, Jaewon and Jean Mercenier (2014) shows studies that conclude globalization have already impacted where labor is conducted (geographical locations) and the wage distribution. Technology is able to perform repetitive tasks cheaper, which has drastically changed the wages for these tasks. Companies are able to have manufacturing tasks done for either cheaper by technology or conducted in areas of the world where the cost of living is low and the organization can charge less for the labor. When I was growing up, most of the middle class workers, worked at manufacturing plants. The work was repetitive, but the pay was enough to live off of. Currently, within the US, it is harder and harder to find jobs where the production of the product is conducted in the US. More and more companies are outsourcing this labor to computers or to areas of the world where they do not have to pay as much to have the labor done.
· What changes do you see ahead in employee voice? Will there be an HRM function, as we now know it? How might HRM create value in the world as futurists describe?
Employee voices will be even more important in the future. Computers do not have feelings and can easily be replaced. Human insight and the use of human’s traits, creativity, morals, imagination will be more valuable, which means the employees are more important to an organization. The voice of the employee will hold more weight within the organization. The overall satisfaction of the employees will now either make or break an organization. This is because the ability of the organization to be successful will rely solely on the ability of the humans who are providing these traits and skills to the business. Also, with globalizing, labor laws will need to be established. If the world is more connected through business, the standards for labor and treatment of individuals will be necessary as described in multiple essays in the article by Craig, Lynk, Michael (2006).
· As an individual and/or as an employee, will you be ready?
I would like to think that I would be ready. It is hard to be ready for an unknown future. I do think the first step to be ready for the job market is to have training in a market that will need humans. The field of HR is where my interest lies and what I enjoy doing. As long as there are humans working, there is a need for HR. This is what I am counting on. Within the HR field it will be important that I am up-to-date with what is going on in the field, and to understand the needs of the employees. This is how I am preparing for the future.
Craig, J. D. R., & Lynk, M. (2006). Globalization and the Future of Labor Law. Cambridge University Press.
JUNG, J., & MERCENIER, J. (2014). Routinization-Biased Technical Change and Globalization: Understanding Labor Market Polarization. Economic Inquiry, 52(4), 1446–1465.