Affluence, Inequality and the Transformation of Work
7CO01 – Work and working lives in a changing business environment
This CIPD Level 7 video, part of unit 7CO01 – Work and working lives in a changing business environment, explores how affluence and inequality shape the transformation of work in modern organisations. Addressing assessment criteria AC 1.4, the content appraises long-term economic trends including deindustrialisation, the shift towards service and knowledge-based economies, and macro-economic policy changes that impact employment security and management practice. The video examines job and income insecurity alongside prospects for national and international economic development. By watching, you'll gain critical insight into how these economic dynamics influence contemporary HR strategy and organisational behaviour.
Assessment Criteria 1.4
Appraise the significance of long-term economic trends for work, employment and management practice in organisations.
Indicative Content
Affluence and inequality; de- industrialisation and the rise of a service- based, knowledge-based economy; long- term shifts in macro-economic policy. Job and income insecurity. Prospects for national and international economic development.
What You'll Learn
Video covering: Affluence, Inequality and the Transformation of Work
About 7CO01 – Work and working lives in a changing business environment
This unit extends understanding of the interaction between the commercial business environment and likely future developments in the world of work, employment and the management of people. It discusses the range of people practices that are growing in importance, including those relating to ethics and sustainability, technology, employee wellbeing, equality, diversity and inclusion.
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