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Technology in the workplace conclusion
Technology in the workplace conclusion
Disadvantages of technology in the workplace
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Global Perspective
Why I chose this topic?
I chose Employment because to me employment is very important and every person who is able to work should probably get access to employment in order to have a better life.
Employment can be defined as connection between the employee and employer in order to negotiate so that both sides can get benefited from it.
Employment levels differ due to differences in education. The greater the knowledge, the higher is the chance of becoming someone successful and efficient on that particular job. But to get there, people need to have access to education, and study a lot. And later on they will definitely receive money, normally in form of salary or wages, to reward the effort he/she took. One important factor in this case is time, with time and patience everything is achieved.
Global Perspectives
Importance
Not everything in the world is free, including education, which
In my case I wouldn’t care about how much I would be receiving, it would be enough if the kind of job pleases me enough to stay. As long as you like your job, it will automatically stop being called or looked like a job and it will become part of your life.
Possible Scenarios
Consequences of unemployment
If there is any introduction of technology, the country and companies will be affected; most of people may be replaced by machinery which will still be an increase on unemployment; however this can help because if an employer is not satisfied with the employee performance, so letting machines to do the work will help on making tasks more accurate and productive. People will need to be trained however as they will no longer be required because of what machineries can do so there will be less possibilities to be employed, causing an increase in unemployment.
Possible courses of action
Solution to
First, Structural unemployment occurs when the entire makeup of an economic system experiences fundamental problems such as uneven labor distribution across industries and a lack of skilled workers to fill these positions. Structural unemployment is not caused by changes in supply and demand as the other major types of unemployment. Instead, this kind of unemployment happens because of significant changes in the use of new technologies such as robotics and a.i. Advancements can create
...y it? Also in most low paying jobs there isn’t much room for promotion. In the end the low paying job leaves you small savings and little spending cash as well as poor retirement funds, were as the high paying job secures your future and leaves room for improvement.
As technology advances jobs, and the employment rate decrease due to the use of computerized equipment. Computers are now able to complete task that otherwise would be done by employers. An example would be the shutdown of a corporation know as Toys R Us. Toys R Us filed for bankruptcy. Toys R Us will be open for the holiday season, but as soon as the holiday season is over, they will be shutting down. This will affect millions, the current employees who depend on their income, will be struggle for awhile. So basically people are losing jobs, which means they are losing their income. Toys R Us also said that in the future they would like to reopen smaller stores, as part of their long term plan. (Verdon, Joan. “Toys R Us Store Closings Expected after the Holiday
...e new technology, those same workers have a skill deficiency and can no longer work (Allick et al. 2000).
The run of human kind for more efficiency, productivity and progress may have just about start to show its dark side. For decades the universal truth was that the better we will be in those categories, the more everyone will benefit. Well, it is turning out that it may not be entirely true. This paper aims to argue and reason why we should be worried about future of workplace, its mechanization to be more specific. It is based on the fact that World has technologically evolved and mechanized in the past decades and some jobs are inevitably gone. We do know that those jobs are not coming back, but what we do not know whether the economies will be able to maintain unemployment levels between 5 – 10% in the long-term under such conditions, taking into account the world population more than twice as large as 50 years ago. In the first part, this paper we will examine the beginning of this phenomenon and its roots and the consequences it had so far in the real world. In the end, based on facts collected and knowledge gathered, potential solutions, of this possibly next great structural shift in labor, will be presented.
With the proliferation of the internet international Business transactions are more common today than ever. Globalization is now a key factor when creating a business strategy for most companies whether they are small family own businesses or huge corporations. Globalization however does not just involve selling a product in other countries. There are legal and cultural concerns that must be addressed. The legal aspects are fairly simple because in most places the laws are spelled out. It's the local customs, and regional way of doing things that can be tricky. Research on globalization has shown that it is not an omnipotent, unidirectional force leveling everything in its path. Because a global culture does not exist, any search for it would be futile. It is more fruitful to instead focus on particular aspects of life that are indeed affected by the globalizing process. (1). In this new economy, as it has been in the past, it will be the people not the machines who will determine a company's success. Having an effective Human Resource Management team that effectively analyze your company's current and future personnel needs is key in any business organization.
Globalization of human capital is where, human resources are sook after by companies from all over the world. Due to the increased demand for skills at a lower cost, companies will tend to look for employees to work in their premises from all over the world (Webforum, 2015). In this regard, since companies are extending their operations the entire world over, human capital globalization is inevitable since they will need to work with people from these countries for them to successfully exploit global markets.
Unemployment is a macroeconomic factor that is pertinent to an extensive economy at a regional level. Therefore it affects a large population rather than a few select individuals. Unemployment does not only have social costs, but economic costs too. The ILO, International Labour organization, defines unemployment as, ''People of working age, who are without work, but available for work and actively seeking employment.'' Therefore implying that it is a state of an individual looking for a job but not having one. Unemployment is one of the key indicators in determining the economic stability of a country; hence governments, businesses and consumers closely monitor it. There are numerous aspects that might lead to unemployment such as labour market conflicts and recessions in the economy. There are two main types of unemployment, which can be focused on, seasonal and cyclical unemployment. Seasonal unemployment occurs when a person is unemployed or their profession is not in demand during a particular season. On the contrary, cyclical unemployment occurs when there is less demand for goods and services in the market so consequently supply needs to be decreased.
Digital revolution is exponentially accelerating the productivity of various outcomes in the society and also transforming the employment and economy of the world. In recent times, innovation in technology is inadvertently becoming the cause for chronic unemployment which in turn is drastically affecting the median household income. This book discusses such trends and outcomes in general and offers solutions to the problems faced by present and future generation of workers. Erik Brynjolfsson and Andrew McAfee have discussed effects of machines on wealth distribution, economy and employment in a crisp, strong and insightful way.
Government policy environment – a desire to reduce unemployment and make the economy attractive to inward investment as a source of employment and long-term growth
It is a competitive job market and if one wants a high paying job he needs some college credentials. College is also said to prepare people to take on the world. Once one has graduated and has a well paying job he is on his way to becoming successful. People work their whole lives making money so they can satisfy their desires. The idea of being able to purchase the items one has always dreamt about is an achievement. People dream about owning a home and having beautiful things to fill it with. Many people take pride in what they possess. People want to own nice homes, nice cars, and nice clothes. Some need to look successful in order to feel successful. These people feel successful when they can admire what their hard work has given them.
Employment relations refer to the relationship between the employer and the employee. Employment relations are governed by the provisions of the employment contract and/or collective agreement where applicable, common law principles and legislative provisions governing specific situations. Many factors in the external environment have an effect on the employment relations within an organization, which they need to monitor and possibly adapt to the necessary changes. The external environmental factors that would influence employment relations are political, economic, social, technological, legal and environmental.
Historically though, the impact of technology has been to increase productivity in specific areas and in the long-term, “release” workers thereby, creating opportunities for work expansion in other areas (Mokyr 1990, p.34). The early 19th Century was marked by a rapid increase in employment on this basis: machinery transformed many workers from craftsmen to machine minders and although numbers fell relative to output – work was replaced by employment in factories (Stewart 1996, p.13).
A typical relationship between an employee and an employer exists on the acknowledgment of who is in charge; an employee must accept the employer as an authority. A worker should address the employer with a certain amount of respect and professionalism. An employer should have control of their employees and make it clear that they are the boss.
This leads to the idea that automation has divided human workers and creates unemployment. David Ricardo was economic politist who fought against the problem of automation. Ricardo believed technology would change living standards and concluded that machines might one day make goods so cheaply that there would not be any competition between factories if they paid laborer a living income (Brown, 2012, p. 134). Employers believe this to be false saying there is little effect if any due to the cause of automation. With the rise of automation, it was in matter of time that the unemployment rate would increase. Even with the massive rise of automation, the United States and economy kept making jobs. Positions were gone, but new technologies created other jobs. Employers say are positioned in different title within the same company or in the same position at another company that has not automated (Funk & Wagnalls New World Encyclopedia, 2017, p. 1). There is several reports and forums that say as time goes, more jobs will be lost and than more jobs will be created from automation. “The World Economic Forum released a report in January 2016 claiming that we will lose a net 5 million jobs by 2020. This is an estimation based on a subtraction of 7 million jobs but an