The New Deal at Work by Peter Cappelli
Managing the Market-Driven Workforce

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In this thought-provoking book, the author argues that the relationship between employees and employers - an association that both defines and drives the American workplace - is in a state of profound transition. Organizations that once provided long-term job security and lifetime career development are abandoning these programs in favor of market-based employment transactions: short-term contracts, temporary staffing, and outsourcing. Peter Cappelli explores recent developments in employment relationships and causes us to rethink our long-held assumptions about managing people. He reveals that the new arrangement shifts many of the risks of business from employer to employee, as individuals must now assume responsibility for developing their own skills and careers. Yet, when internal development programs are reduced or nonexistent, how can employers retain the employees they need and secure the commitment and specialized skills that so many projects demand? Cappelli's conclusions make for important and compelling reading for employees, managers, policy makers, and anyone concerned with the market forces that shape the American workplace.

About Peter Cappelli

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Peter Cappelli III is a professor of management, the chairperson of the Management Department, and a co-director of the Center for Human Resources at The Wharton School. He is also a co-director of the U.S. Department of Education's National Center on the Educational Quality of the Workforce.
Published February 17, 1999 by Harvard Business Review Press. 307 pages
Genres: Business & Economics. Non-fiction

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Most interestingly, Cappelli also warns that the new deal at work poses problems for employers, pointing out that, with the tightening of the labor market since 1996, companies have had to confront the thorny task of hiring and retaining committed, skilled workers.

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