Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environment.

One of the steps in establishing a global total rewards plan is to examine the environment. Give an example of different environments or culture in two countries and how this might influence choice of total rewards for an organization in each of these countries.

Here is an example from your reading:

When looking at the condition of local markets and economies, examine the differences in environment between the U.S. and various other countries. For instance, the U.S. has seen high unemployment and low turnover after the economic recession, yet companies are having difficulty attracting and retaining high-performing employees with critical skills. Contrast this to Germany where the economy is stronger but in a recovery mode. Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environment. Give an example of how one of these trends may change or influence total rewards.