Please enable JavaScript.
Coggle requires JavaScript to display documents.
TRENDS IN TODAY'S WORKPLACE - Coggle Diagram
TRENDS IN TODAY'S WORKPLACE
ENTREPRENUERSHIP
The Rise of Small Business( reasons)
Small companies can change products quickly according to demand
Small businesses can take more creative with new ideas
Internet allows small businesses to advertise equally as big ones
They profit specialised markets
Benefits of Entrprenuership
Decide the business you want
Make the decisions for your business
Put your own ideas to work
Potential to earn more
Odds of success
Know your market
Supervise and train staff
Plan every part of the business
Do research on customer needs
Hire a lawyer
ORGANISATION STRUCTURES
C
omponents of organisation structures
Span of Control
Formalisation
Chain of Demand
Centralization
Work Specialisation
Departmentlisaztion
Choice of Organisation structure
Vertical/hierarchical organisation(traditional)
Difficulty adapting to changing environment
Decision making takes longer
Flattening organisation(to date)
Improved communication and decision making
less rules and regulations
More effective competition in the world
Trends of organisation structure
s
adhocracy
Flexible and innovative approach
Functional
Employees grouped based on specific functions
divisonal
Used in larger organisations with various locations
teambased
Cross functional teams work together on specific jobs
matrix
Combines both functional and divisional structures
holacracy
Emphasizes self management and distributed authority
flat
Employees have direct access to management level
network
Rise with rise of technology and remote work
hierarchical
Features a clear chain of demand
WORKPLACE CULTURE
Importance of workplace culture
(corporate culture)
Boosts employee engagement and retention
Ability to attract and acquire new talent by executives
Important when hiring new employees
Factors affecting workplace culture
Government policy changes
Technology
Employees with different backgrounds
Globalization
Workplace Culture directly affects you(motivation of workers)
Conveying appreciation for hardworking team members
Regular constructive feedback to workers
Awarding higher salaries to motivated workers
Implementing health and wellness programs at work
GLOBALIZATION,TECHNOLOGYAND THE MOBILE WORKFORCE
Factors to assist Talent mobility
Tax policies that support and encourage mobility
Portable benefits
Sufficient immigration policies
Multilateral & Bilateral agreements for certifications and work visas
Artificial intelligence(impact)
Data Analysis and Insights
Enhanced decision making
Automation of Routine Tasks
Remote work and collaboration
Skill Enhancement and Training for employees.
Technology(benefits)
Gives customers unlimited access to products and information
Economy is more service and knowledge based
Organisations have become more productive
Ability to work from anywhere at anytime
Globalization(benefits)
Businesses specialise in what they do best
Increases competition
Presents endless opportunities
CURRENT IMPACT OF UNIONS
Conditions inviting Formation of unions
Wages should fall behind the going rate
Decreasing of employee benefits
Pay all employees the same amount regardless of when they joined
Hire promotions from external applicants
Background of unions(why they started)
For health and security risks
To reduce on excessive working hours
Poor wages needed to be fixed
Future of unions in order to operate
Unions should cooperate on building effective work environment
Unions should change the way they operate