Management, Work and Society People, Management and Business Essay

Management, Work and Society People, Management and Business - Essay manikinAs the trade transactions work immensely increased, traders are compelled to find new sources of human power. In the words of Phillips (2009), for every business, an experienced and skilled histrion is an invaluable asset and hence employers are willing to retain such employees at any cost. As a result, modern marketers offer improved worksite surround as long as possible. Similarly, the demographics factor overly plays a crucial role in determining the future of work force. The UK government has also accomplished the increased need of human power in future so that it gives great emphasis employees healthcare. In addition, day to day developments in technology also greatly contributes to employees interests. For instance, improved technological developments minimize the workload to a large extent. The increasing participation of female workers in UK workforce also indicates a aureate future work. With i ntent to improve the work future, employers have made considerable changes in work schedules and they pay higher attention to ensure that the implemented changes vanquish suit the interests of the employees. In the opinion of Williams, Foramalisation and commodification of work is seen to be increasingly taking place with an open world economy (Williams, 2009). ... International Labour Organisation, unemployment occurs when people have no jobs although they actively searched for opportunities within the past four weeks. Evidently, employment rate plays a vital role in determining a countrys level of economic growth. A lower unemployment rate clearly indicates the faster development of the economy (Sesric reports). When the unemployment rate is higher in a country, the government is compel to declare additional incentives and subsidies in the employment sector and this situation impedes the rapid economic growth of the country. Hence, it is necessary to create tolerable job opport unities in a country so as to effectively employ the maximum potentials of available human resources. However, it is observed that 2.49 million people in the United Kingdom were idle in 2009 and it was the highest figure recorded since March 1995. According to Office for National Statistics, in the 12 months ending June 2010, the unemployment has varied between 2.9% and 14.1%. The people over 60 are most likely to be jobless in UK since the employers believe that employees of this group cannot adequately contribute to the sustainability of their firms. The termination of experienced and skilled employees on the reason of age limit intensifies unemployment rate in UK. The higher unemployment rate causes far reaching consequences in a country. When a country possesses large number of unemployed citizens, it adversely affects the nations stature in the global market and thereby foreign investors hesitate to invest with the nation. Similarly, if the nation is unable to produce adequa te employment opportunities, people tend to look for jobs abroad this condition will seriously impinge on the increased need of human resources that would arise