Implications of demographic forces in the Recruitment Industry
Demographic factors within the recruitment sector can affect human resource supply and the structural productivity of the labor market. Data from various studies show that people are living longer, and many women and millennials (15 to 24 years) are entering the workforce (Mester, 2017). These changes in age and gender distributions will lead to a three to four percent increase in the supply of skilled personnel. As the aging populace increases, the number of business and tech start-ups is likely to decrease, leading to a decline in structural and economic productivity (Mester, 2017). Additionally, baby boomers have higher job experience than younger populaces, given that they rarely change jobs. However, job immobility can have negative implications for work productivity in the long run due to the lack of skill mix.
Advantages and disadvantages of technological changes
Security is a trade-off for workplaces which rely on technology. Mobile and computer systems are typically susceptible to cyber-attacks and data losses. Recruiters can also use technology to efficiently select ideal candidates by easily screening and cross-referencing keywords in an applicant’s resume within a large applicant pool. The internet can also provide a convenient way to communicate with applicants without the need for job advertising and postage fees which were typical of traditional job postings. In hindsight, e-recruitment can attract fraudulent applicants, hence diluting the quality of the talent pool. Technology can also pose workplace distractions reducing employees’ productivity in the long run.
How technology can be beneficial to workplaces
Companies can use technology to improve productivity and collaboration practices in the workplace. Communication breakdowns in the workplace can lead to delays, errors, and inefficiencies within the organization. However, the use of hi-tech devices can resolve these issues by improving the dissemination of information which, in turn, can facilitate workplace coordination and teamwork (Dukes, 2019). The utilization of up-to-date technologies can also play a crucial role in fostering aspects such as innovation within the workforce, accuracy in computation analysis, job efficiency, safety and security, and increased productivity.
References
Dukes, E. (2019). 5 ways technology in the workplace has improved our lives. Iofficecorp. Web.
Mester, L. J. (2017). Demographics and their implications for the economy and policy. Federal Reserve Bank of Cleveland. Web.