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Explain workforce diversity and the key managerial skills for dealing with workforce diversity. What are two trends in workforce demographics?
Organized Labor
Groups of workers, such as unions, who collectively negotiate wages, working conditions, and other employment terms with their employers.
Intrinsic Rewards
The personal satisfaction and fulfillment derived from accomplishing a task or learning new skills, independent of external rewards.
Cash Bonus
A financial reward given to employees or individuals, typically as a lump sum, as a recognition of their contributions or achievements.
Flextime Program
A flexible working hours scheme that allows employees to alter their start and finish times, within certain limits, to suit their personal commitments and needs.
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