Future Economic Prospects and Strategic People Practice
7CO01 – Work and working lives in a changing business environment
This CIPD Level 7 learning video explores Future Economic Prospects and Strategic People Practice as part of unit 7CO01, Work and working lives in a changing business environment. It addresses assessment criteria AC 1.4 by appraising how long-term economic trends—including de-industrialisation, the shift towards knowledge-based economies, and macro-economic policy changes—shape work, employment, and management practice across organisations. The video examines critical issues such as affluence and inequality, job insecurity, and prospects for national and international economic development. By watching, you'll develop the analytical skills needed to evaluate how these economic forces influence strategic people practice and organisational decision-making at senior HR levels.
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: Future Economic Prospects and Strategic People Practice
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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