Human Resources and the Labor Market pt 2

labor mobility

the movement of people from one job to another, and what motivates such movement

high labor mobility - consumer demand

 it fluctuates and is fickle due to external factors, seasonality, creates reliance on immigrant workforce

high labor mobility - turnover

desirability of new places, facilitated through the structure of the industry, means investment in training is often low

high labor mobility - job-skill transfer 

skills are easily acquired, and less educated human capital is required, horizontal job movement, customer service skills translate to other services 

high labor mobility - nature of service 

 jobs not desired by many, hours of the job

trends in HRM - flexible work arrangements

focus on work-life balance, flexible hours to accommodate life, need for clear policies, methods for performance appraisals, communication across remote workers

trends in HRM - mental health and well-being

focus on employee well-being and satisfaction, life-work balance, personal/mental health days, wellness programs

trends in HRM - workforce education and career development

upskilling and reskilling, opportunities for credentialing and professional development, online courses, advancement opportunities

trends in HRM - AI/Technology integration

workflow automations to increase operational efficiency, scheduling, performance evaluations, enhance guest experience, offset labor shortages