Those organizations performing related types of work, in related industries and/or locations that compete for employees with similar knowledge, skills, abilities, and other characteristics For example, the labor market for FAA includes those contractors who hire similar types of employees to perform similar types of work
An area large or small in which people are selling their skills and/or knowledge (seller) to employers who are purchasing skills and/or knowledge (buyer) in exchange for wages and other benefits Through this exchange, employers are able to purchase the labor they need to transfer raw materials onto foods and services and workers can earn income to support themselves and others
The geographical area that normally encompasses the claimant's normal occupation This area varies, depending on the type of employment A person who works as a cashier may have a labor market of a section of a city, while a person who normally works as a seafaring merchant marine may have a labor market which is world-wide
The labor market refers to the area from where a replacement worker for a given job would generally originate It can vary for each job in the organization based on where a replacement worker would likely be found For instance, the labor market for a CEO will likely be defined as average rate paid for CEO's at similarly-sized organizations nation-wide Since it could very well take a nation-wide search to fill a position like this, it is important to be competitive at a nation-wide level For a position like Secretary or Customer Service Representative the labor market will generally be defined as local to the organization but may not vary by size of organization as a qualified pool of candidates could very well exist in the local area
the system of relationships between the supply of people available for employment and the available jobs labour market program a program designed to increase the number of people in employment or to improve the employment prospects of a target group, e g by the payment of subsidies to businesses who take on long-term unemployed people, young people, etc
When you talk about the labour market, you are referring to all the people who are able to work and want jobs in a country or area, in relation to the number of jobs there are available in that country or area. The longer people have been unemployed, the harder it is for them to compete in the labour market. the people looking for work and the jobs that are available at that time
arena where those who are in need of labour and those who can supply the labour come together
labor market
الواصلة
la·bor mar·ket
التركية النطق
leybır märkıt
النطق
/ˈlābər ˈmärkət/ /ˈleɪbɜr ˈmɑːrkət/
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[ 'lA-b&r ] (noun.) 14th century. Middle English, from Middle French, from Latin labor; perhaps akin to Latin labare to totter, labi to slip; more at SLEEP.