HOMEWORK HELP | Explain the effects a changing labor market has on selection, training, and promotion for human resources.

Explain the effects a changing labor market has on selection, training, and promotion for human resources. How should human resources respond?

ANSWER

Labor market dynamics are one aspect that although neglected, can play a very important role in an organization. The concept can be defined as changes in the job recruitment strategies emanating from changes in the demand and supply of labor in the market. In the ever-changing labor market, it is up to human resource management to come up with measures that can counter such changes.

Effects of Changes in The Labor Market

Changes in labor markets have a tremendous effect on both hiring, training, selection as well as the promotion of the human resource. In a work setting where the generation of | GET AN EXPERT FOR YOUR ASSIGNMENT | non-existent (due to retiring, health complications or natural disasters), there will be a need for organizations to invest in training to equip the young employees with the skills and experience that the old | GET AN EXPERT FOR YOUR ASSIGNMENT |

Another way how changes in labor markets affect HR is in the characteristics of demand and supply. For an organization that goes out to recruit employees based on the level of education, what will matter most is the availability of such level. Assume that an organization seeks to have | GET AN EXPERT FOR YOUR ASSIGNMENT | in a certain department, which will determine their recruitment plan is the availability and willingness of people of such | GET AN EXPERT FOR YOUR ASSIGNMENT | potential employees cannot be found, it will force the organization to encourage some of its employees to go back to school so that they can get the advanced level of the education needed by the organization | GET AN EXPERT FOR YOUR ASSIGNMENT | can be said of the desire to recruit employees of a certain skill. Such recruitment will depend on the salary scale being offered, availability of people with such a qualification as well as their willingness.

How Human Resource Should Respond Human resources should respond to such changes by adjusting their employment strategies so that they conform to the changes in the labor market…