The Condition of the Labour Market Is a Key Environmental

question 49

Essay

The condition of the labour market is a key environmental influence on human resources management in any organization.With the end of mandatory retirement in most Canadian jurisdictions,there are employees from all four of the demographic groups in the workforce.Identify and briefly describe each of the four demographic groups,then describe two challenges posed by the differences between the demographic groups in the workplace.

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Definitions:

Unemployment Tax

Taxes paid by employers to fund the unemployment insurance program, providing financial assistance to unemployed workers.

Federal Income Tax

A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Social Security Tax

A tax that funds the Social Security program, imposed on both employers and employees based on wages earned.

State Disability Insurance

A government insurance program that provides partial wage replacement to eligible workers who are unable to work due to a disability.