Alternatively, for middle management positions the organisation may focus on the national labour market, and to fill administrative or lower-skilled positions, the local labour market.
The graduate labour market: However, there is considerable debate about the extent to which recent changes in labour market context, and managerial responses to these changes, have had a positive or negative impact on workers.
Under Labour market context essay resource-based view of the firm, they constitute a unique resource and, therefore, the emphasis is on a strong internal labour market to ensure their retention. Sceptics argue that detailed analysis of job content and skill requirements indicate a far more diverse picture where a significant proportion of jobs created are low skill, highly routinised and low wage jobs.
On the one hand, access to a global labour market presents the opportunity for cost savings and provides access to a more diverse labour supply and the ability to situate production close to large or emerging markets. The restructuring of internal labour markets Associated with wider changes in the demand for and supply of labour resulting from changing economic structures and technological developments, the way that labour is utilised within firms is also changing, with considerable implications for how work is experienced.
In reality, as labour is not a homogenous commodity, the external labour market can be understood as a multitude of individual labour markets. Therefore, even where supply broadly meets the demand for labour, unemployment temporarily persists. The implications of organisational change and attrition of the internal labour market for careers are further examined in Chapter In its broadest sense, the internal labour market is the mechanism by which existing employees are attributed particular roles within a firm.
By the figure had risen to 13 million, representing 46 per cent of the total workforce and around 53 per cent of the female population aged 16 and over Lindsey, As such, key changes in the organisation of work are at least partly a result of the changing composition of the labour supply and the wider economic, political, legislative, technological and social processes outlined above.
Firms seek the ability to hire, fire and re-hire workers with relative ease resulting in insecurely or irregularly employed workers. The proportion of jobs not requiring qualifications fell by 11 percentage points over the same period.
This connects to the growing importance of emotional labour as a result of the shift to greater service sector employment. This form of flexibility is associated with the use of casual, shortterm, temporary, agency and self-employed workers and the outsourcing and sub-contracting of certain activities.
As such, key changes in the organisation of work are at least partly a result of the changing composition of the labour supply and the wider economic, political, legislative, technological and social processes outlined above.
The changing requirements for skill Felstead et al. This is clearly illustrated in the long-running battle over rights for agency and temporary workers, a key component of a flexible labour market because of the ability of firms to hire and fire such workers and offer them poorer terms and conditions of employment.Essay about Labour Market Inflexibility in Europe 4 The Labour Market Context of HRM Chapter Objectives • To define internal and external labour markets • To outline the role of HRM as the interface between an organisation and its labour markets • To identify the changing labour market conditions under which contemporary organisations.
Example Labour Market Analysis Report Essay; Example Labour Market Analysis Report Essay. 4 The Labour Market Context of HRM Chapter Objectives • To define internal and external labour markets • To outline the role of HRM as the interface between an organisation and its labour markets • To identify the changing labour market.
Labour Markets in Hrm Essay. Words Sep 13th, approach views the labour market through the assumption that organisations are embedded in a winder institutional context and that the labour market cant be understood through traditional market principles (Najeeb ) Institutionalists view the market as incapable of creating fair.
Labour Market Context Essay Sample. Chapter Objectives • To define internal and external labour markets • To outline the role of HRM as the interface between an organisation and its labour markets.
A labour market can be understood as the mechanism through which human labour is bought and sold as a commodity and the means by which labour demand (the number and type of available jobs) is matched with labour supply (the number and type of available workers).
The information available under Labour Market Context examines a range of labour market and economic indicators, such as the employment rate and the GDP, providing you with the all-important context to assess skill needs.
Conditions in various European economies and labour markets will explain much about the demand for, and supply of .Download