Week6 Discussions HRMN 395.docx - Week 6 Discussions Learning Activities Describe what you learned about the impact of economic social and demographic

Week6 Discussions HRMN 395.docx - Week 6 Discussions...

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Week 6 Discussions & Learning Activities Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environment. During the past 30-40 years, baby boomers coming of age and the rise in women’s labor force participation increased the size of the U.S. labor force which, in turn, helped economic growth. My focus will be more on the baby boomers. In an “uncertain world economy, global companies face challenges in having an effective global total rewards program. Global companies strive to develop total rewards programs that help them attract, motivate, engage and retain the right talent, at the right cost across the globe” (CBR, 2013). Economic trends are just as important as demographic trends as it is important that “while baby boomers are working longer, their inevitable retirement will have widespread effects on the American economy. For example, high impacts on consumer spending, as retirees not only produce less but also
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