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LABOUR MARKET (EXTERNAL LABOUR MARKET (Transnational labour market (role…
LABOUR MARKET
EXTERNAL LABOUR MARKET
Transnational labour market (role of multinational companies)
staff oversea units
expatriate managers
individual managers
impacts
growth of world markets
availability of management
and technological in different countries
global competition
international customers
advances in telecommunications
greater regional political
economic integration
National labour market
balance capital and labour
environmental and contextual figures to plan labour market policies
governement labour market policies
regulate employment
policies
HRM practices in
organizations
Characteristics
unskilled occupations
transferability of skills
high levels of labour turnover
low levels of pay
INTERNAL LABOUR MARKET
Pricing of jobs
pay differentials
the evaluation of jobs
job diversity
Labour flexibility
the employer’s ability to deploy employees
Employees
job satisfaction
job security and enhanced remuneration
Employers
efficient use of labour
improve customer service
better operational functioning
reduced levels of labour turnover and improve position
lower labour costs
Labour fluctuation
part-time and shift working and the use of temporary and casual workers.
contracting services the use of agency staff
DEFINITION
Interaction between organization and labour market
Labour demand (the number and types of available jobs)