Trends in the Labour Market Technological Changes & Globalisation.

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Presentation transcript:

Trends in the Labour Market Technological Changes & Globalisation

2 EXERCISE - TECHNOLOGICAL CHANGES Discussion on the following: “What is technology?” Give positive and negative reactions to the term technology.

3 TECHNOLOGICAL CHANGES How has new technology changed the labour force? Fundamentally - transfer of jobs from one sector to another (from agricultural labour to the production of farming equipment, for example) and the ultimate creation of more jobs.

4 TECHNOLOGICAL CHANGES Job creation Information rich population Internet Industry & customer services Shift to highly skilled workers

5 EXERCISE - GLOBALISATION Discussion on the following: What is globalisation? Give positive & negative reactions to the term globalisation.

6 GLOBALISATION What is globalisation? “ To globalize means to make worldwide in scope or application. Globalization of trade means freer and more intense worldwide trade across national borders. Technology helps make globalization possible”.

7 GLOBALISATION Where has the increased competition come from? The new market-based economies of developing countries Introduction of new products and processes More efficient use of old materials Innovation in information technology

8 GLOBALISATION Some of the primary effects of globalisation Outsourcing of employment to developing nations Reducing the demand of unskilled labour in the outsourcing nation Diminishing the standards of health, welfare and environmental standards

9 GLOBALISATION Exercise Examining these challenges in the context of an employer setting.

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