Business Travel and Tourism Sharma, Manoj.

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The nature of competition has changed and is global. Markets and environments are frequently dynamic and volatile, and organizations have been downsized and right-sized to improve cost efficiencies. Globalization requires the organization to understand multiple cultures and how to attract, retain, and motive persons from those cultures. The dynamics of the environment often require flexibility and adaptation at the lower levels of the organization. All this affects the workforce planning and employment practices.

This book deals with the numbers of dynamics that increasingly make workforce planning and employment critical components of the organization's strategic plan. The United States economic has transitioned from a manufacturing base to a service base and is in the process of transitioning to a knowledge base. As the economy moves along this continuum, the success of the organization is increasingly based on the quality of its human capital, which is defined as the total current and potential capabilities of the organization's workforce.