Demographics

Question 1

Define demographics and explain its importance for human resources management

Answer 1

Answer: Demographics is the statistical study of populations. It is important for HR because it affects the supply of labor available to companies, influences labor market trends, and helps in strategic workforce planning.

Question 2

Question: What are the implications of a declining fertility rate in rich countries on the labor market?

Answer 2

Answer: A declining fertility rate can lead to a shortage of labor, reshaping the relationship between employers and employees, creating a growing disparity between old and young populations, and potentially decreasing economic productivity.

Question 3

Question: What are the primary reasons for the decreasing fertility rate in developed countries?

Answer 3

Answer: Reasons include longer life expectancy, fewer children per family due to economic costs, improved birth control, higher education levels among women, and lower child mortality rates.

Question 4

Question: How can technology help mitigate the challenges of an aging population?

Answer 4

Answer: Technology can automate tasks, improve healthcare, increase productivity, and facilitate remote work, helping to offset the reduced labor force and enhance the quality of life for older adults.