Despite their significant volatility, Bitcoin, Ethereum, and other cryptocurrencies seem to be gaining institutional acceptance (e.g., JPMorgan, Fidelity, Goldman Sachs, Visa, Mastercard, Tesla, Square, etc.), many HR professionals and economists are questioning whether employees may be receptive to being paid in non-traditional currencies at sometime in the future. Additionally, rough estimates suggest that individuals’ acceptance of digital assets has grown by more than 20% since 2018. However, many individuals remain skeptical as the US Treasury, IRS, and Securities and Exchange Commission (SEC) determine how to better classify and regulate these assets. Regardless, there is no doubt that the underlying blockchain technology of cryptocurrencies has already started to permeate into numerous industries ranging from payments, artificial intelligence/machine learning, contracts, communications, graphic rendering, supply chain management, gaming, intellectual property, retail, real estate, and more. There is even evidence of blockchain technology that is entering into the HR realm for payroll, recruitment, employee wellness, and safety. Just check out the article linked below…
https://www.spiceworks.com/hr/hr-strategy/articles/top-blockchain-hr-startups/
What are your thoughts about getting compensated with cryptocurrency or some type of digital asset in the future? What if the digital asset was approved and/or regulated by the government? How might this impact the future of rewards and compensation structures for the future workforce?
Despite their significant volatility, Bitcoin, Ethereum, and other cryptocurrenc
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