Significant trends related to diversity, ethics, and sustainability impacting workplace include gender equality, ethnic equality, global ethics, compliance with set regulations, industrial and technological advancements. Many countries have set rules and regulations regarding gender and ethnic equality, which has affected hiring criteria ( Heintz, 2019 ). This assertion implies that set rules regarding gender and ethnicity have a significant impact on embracing diversity at the workplace. On the other hand, globalization has facilitated organizations embracing global ethics and other regulations set by a particular nation, affecting the workplace (Harrison et al., 2016). Regarding this, an organization that does not comply with the set rules and regulations faces legal action, affecting its corporate image. Moreover, technological and industrial advancement changes market demand and needs affecting sustainability. Therefore, gender equality, global ethics, industrial and technology development trends have a significant impact on diversity, ethics, and sustainability in the workplace.
Technology, containing and controlling costs data and analytics are the workplace trends that affect HR today. Organizations are required to keep up with the technological advancement pace, which affects how they conduct activities at the workplace ( Cherry & Jacob, 2016 ). Regarding this, a human resource officer should be well equipped with the technological changes making suggestions where applicable. Moreover, the majority of organizations focus on reducing costs; thus, HR should be knowledgeable about containing and controlling costs. Additionally, executives are majorly relying on data and analytics; therefore, HR should beware of the approach in providing evidence-based results.
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Changes in demographics, regulations, and compliance are the most important social trends that affect HR today. Changing demographics is influencing the workplace to have people from different generations, and this controls how HR handles the workforce ( Cherry & Jacob, 2016 ). Concerning this, age difference plays a significant role in deciding the communication mechanism and problem-solving mechanism. Moreover, changes in societal rules and regulations affect HR operations, especially in hiring criteria and employee treatment at the workplace. Therefore, changes in demographics influencing employee composition, compliance, and regulations are the critical trends affecting HR today.
In the next ten years, more diversity is expected at the workplace where gender and ethic balance will have greater emphasis. Over the next ten years, cultural erosion is expected in many communities affecting HR criteria of embracing cultural differences. The changes will affect the recruitment procedures, and organizations will have a hard time recruiting. On the other hand, changes in culture as a result of cultural erosion will force organizations to change their protocol for embracing cultural differences.
References
Cherry, B., & Jacob, S. R. (2016). Contemporary nursing: Issues, trends, & management . Elsevier Health Sciences. https://books.google.co.ke/books?hl=en&lr=&id=vzzdCwAAQBAJ&oi=fnd&pg=PP1&dq=workplace+trends+and+issues&ots=mNye8ouyfu&sig=46svkVHamo2MD_yFIDwfotNx9Vc&redir_esc=y#v=onepage&q=workplace%20trends%20and%20issues&f=false
Harrison, J. D., Logar, T., Le, P., & Glass, M. (2016, September). What are the ethical issues facing global-health trainees working overseas? A multi-professional qualitative study. In Healthcare (Vol. 4, No. 3, p. 43). Multidisciplinary Digital Publishing Institute. https://sci-hub.tw/https://doi.org/10.3390/healthcare4030043
Heintz, J. (2019). Global labor standards: Their impact and implementation. In The Handbook of Globalisation, Third Edition . Edward Elgar Publishing. https://www.elgaronline.com/view/edcoll/9781788118590/9781788118590.00022.xml
DQ #2: Accounting Principles
Nurse executives can use accounting principles to strengthen the healthcare organization by recognizing revenue, providing reports, being reliable, consistent, and utilizing full disclosure accounting principles. A nurse executive has the highest administrative role: leading nursing teams, handling finances, making managerial decisions, and presenting that particular healthcare organization ( Lúanaigh & Hughes, 2016 ). This assertion indicates that a nurse executive is held accountable for administrative issues and issues regarding finance. Accounting principles such as revenue recognition, time, reliability, full disclosure, and consistency principles can help nurse executives strengthen the healthcare organization ( Rundio, 2016 ). Considering that money is sensitive in healthcare, the revenue recognition principle aid in building trust among stakeholders. Moreover, time period and full disclosure accounting principles will help nurse executives make reports and disclose relevant monetary information. Utilization of these principles will help in facilitating transparency in the healthcare organization and will help nurse executives in making an informed decision. Consistency and reliability principles also help build trust among stakeholders, motivating workers to work towards a common organizational goal.
Nurse executive uses accounting principles to manage financial resources by ensuring such resources are documented, and revenue from them are recorded. In the cost accounting principle, organizations should record liabilities, equity investment, and assets at their purchase cost while the accrual principle states that transactions should be recorded at the period at which they occur ( Larkin & DiTommaso, 2018 ). Relating this to the nurse executives’ role in managing financial resources, they should maintain acquisition documents for asset acquisitions, recording transactions following accounting periods to ease follow-ups.
I will use accounting principles in my future executive role by maintaining proper financial records, full-disclosing financial information, providing reports, and utilizing the data in making decisions. Some of the accounting principles include time period principle, which involves reporting on operations results, and full disclosure principle, which consists of disclosing financial statements to relevant stakeholders ( Larkin & DiTommaso, 2018 ). This allegation illustrates that accounting principles can be utilized in enhancing transparency in a healthcare organization. Therefore, as a nurse executive, I will use the accounting principles by maintaining proper financial records, providing reports, and using financial information in making informed decisions.
References
Larkin, R. F., & DiTommaso, M. (2018). Wiley Not-for-profit GAAP 2018: Interpretation and Application of Generally Accepted Accounting Principles . John Wiley & Sons. https://books.google.co.ke/books?hl=en&lr=&id=uK5dDwAAQBAJ&oi=fnd&pg=PR7&dq=accounting+principles&ots=IE_AC5p7so&sig=FS_oHSqccNVF8xY9Av-D7eDsck0&redir_esc=y#v=onepage&q=accounting%20principles&f=false
Lúanaigh, P. Ó., & Hughes, F. (2016). The nurse executive role in quality and high performing health services. Journal of nursing management , 24 (1), 132-136. https://sci-hub.tw/https://doi.org/10.1111/jonm.12290
Rundio, A. (2016). The nurse manager’s guide to budgeting & finance . Sigma Theta Tau. https://books.google.co.ke/books?hl=en&lr=&id=rd2NCwAAQBAJ&oi=fnd&pg=PP1&dq=nurse+executive+and+accounting+principles&ots=JTAfxriEl6&sig=fMyAxXERbUO2d6nn4gemfJBuXFk&redir_esc=y#v=onepage&q&f=false
