Final answer:
Globalization, standardization, automation, and segregation all have different impacts on HRM. HRM must adapt to hiring and managing a diverse workforce in a globalized market, ensuring employees are trained to standardized practices, addressing the impact of automation on job requirements.
Step-by-step explanation:
Each of the following labor force trends affects HRM in different ways:
- Globalization: Globalization has led to increased competition from foreign producers, forcing companies to expand their operations internationally. HRM must adapt by hiring employees with cross-cultural skills and managing a diverse workforce across multiple countries.
- Standardization: Standardization involves streamlining processes and procedures to improve efficiency and quality. HRM plays a role in ensuring that employees are trained in standardized practices and that performance is measured against these standards.
- Automation: Automation involves the use of technology to replace manual labor. HRM needs to assess the impact of automation on job requirements and skills, develop new training programs to upskill employees, and address any concerns or resistance from employees.
- Segregation: Segregation refers to the polarization of jobs, where the differences between low-end and high-end jobs become greater. HRM needs to address issues of inequality and ensure fair treatment and opportunities for all employees.