The paper “ Effective Employment Relationship Management - a Main Pillar of a High Performing Workforce” is a creative example of the literature review on human resources. Changes in the labor market have a huge effect on the productivity of a national economy. Recently, Australia has undergone a number of changes in its labor market. According to Balnave, Brown, and Maconachie (2009) among the problems affecting the Australian labor market include a huge inequality in wages, increasing fragmentation of working hours, and the rise of non-standard forms of work. Coupled with the fact that Australia working population is aging, these factors are leading to low skill formation and declining labor supply especially of skilled labor. This paper discusses the recent changes in the Australian Labor market from a demographic, legislative, and a trade union perspective.
Secondly, it analyzes the issues that these changes raise in Australian workplaces in terms of labor relations. Demographic ChangesLike other OECD countries, Australia is facing the problem of an ageing population. Australia fertility rate has remained while life expectancy increases significantly. In 2010 the proportion of the Australian population that was considered old had risen to 14 per cent of the Australian population.
Another part of the population that is dependant has been falling progressively with time. According to Shah and Burke (2006), the Australian Bureau of Statistics by 2056 the older population will be more than a quarter of the Australian population (Fulton et al 2012). By 2102, the portion of aging Australian will be approaching a third of the Australian population. Another marked change in Australian demographics is the participation of women in labor. Women in Australia are increasingly participating in work and spend more and more time in education more than ever before.
This trend in women's employment has seen a remarkable decrease in formation of couples (Heery 2013). As both parents in the marriage pursue careers they have to live separately automatically turning their families into single parent families.
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