Not only is the U.S. experiencing a demographic shift,  but the world is also changing, and national borders are becoming  blurred. This increased connectivity will highlight human differences  while putting organizations in a position to benefit from the multiple  perspectives gained through a diversified workforce.

Not only is the U.S. experiencing a demographic shift,  but the world is also changing, and national borders are becoming  blurred. This increased connectivity will highlight human differences  while putting organizations in a position to benefit from the multiple  perspectives gained through a diversified workforce. BANKS Industries  continues to look for business acquisitions and plans to continue to  expand over the next five years.

Consider forecasted changes in the U.S. and on a global level, and write an 8–10-page executive report addressing the following:

  • Given increased globalization and demographic shifts, what changes  in the workplace are likely to occur? Explain in terms of workforce  demographics, new challenges, and benefits.
  • How will these changes impact the way organizations function?
  • How will HR practices change staffing, rewarding, employee  relations, communication, performance management, training and  development, and technology? Within that discussion, point out current  best practices that may require modification as well as the most  appropriate modifications.
  • What are the legal and ethical implications of change?
  • How should current employees and leaders begin to prepare for this  change? Prepare a change management plan that includes strategies to  communicate relevant information to employees.

Write an 5-7 page executive report in Word format.

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