Not only is the United States experiencing a demographic shift, but the world is also changing and 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 diversity. BANKS continues to look for business acquisitions and has plans to continue to expand over the next five years. Consider forecasted changes in the United States and on a global level. Write a 5–7-page executive report in a Microsoft Word document addressing the following: Given increased globalization and the demographic shift, what changes in the workplace are likely to occur; explain in terms of the workforce demographics, new challenges, and benefits.How will these changes impact the way organizations function?How will human resources’ (HR) practices change in staffing, rewards, employee relations, and communication? Within that discussion, point out current best practices that will likely 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.Support your predictions and suggestions with scholarly resources and empirical evidence. All written assignments and responses should follow APA rules for attributing sources.
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