Labour Market Context

Broadhurst, J. (2012). Employee development is a great business opportunity. Human Resource Management International Digest, 20(6), 27-30. doi:http://dx.doi.org/10.1108/09670731211260861

There are many different forms for employee development; traditional training such as in a classroom, self-study courses using computer technology can be either the Internet, are using CD-ROM courses. Also establishing an Individual Development Plan which is having the employee do a self-assessment having them assess personal career

e) Taking an interest in your employees also means investing in their future. That's why training and development opportunities are energizing perks. Check out the local community colleges and university-extension departments for affordable classes, and foot part or all of the tuition for eager employees.

When a manager monitor and evaluate the performance of an employee, the manager might realise the talent the employee has and how this talent could contribute the overall performance of the organisation. Organisations seek to retain good performers. One of the methods used is career development. An employee could be transferred from one department to another where he/she could contribute to the success of that department at a higher level of performance. Developing an employee’s career could, also, mean enhancing their competence within the context of their position and department.

Inside any successful organization, there will be strong training and career development programs and systems. To recognize strong training and career development programs, one should know the: definition, methods, successes, HRM involvement, and their own wants and needs. To clarify understanding of these, the following will be described in detail: training and development by definition and how they fit into most organizations; the various methods used to train and promote career development; the direct correlation to organizational growth and success from training and development; the

In the article “A Fresh Look at Labour Markets”, John Humphreys disputes that all decisions made about minimum wage laws to be based upon the cost that the employers have to consider when hiring and the benefits that the employee should get when they are hired. The article brings up the issue of one of the key problems with the Australian economic system. In the beginning of the article, the author shows how economic norms are similar to scientific methods. The author claims that like what a scientist does to understand what happens when a chemical reaction does, an economist does when a cause and effect happens in an economic curve.

In today’s competitive business world, it is important to have fully trained and well-versed employees, which can help make or break an organization. By having an employee development plan, or career path if you will, it allows employees to set career goals. This allows companies to ensure employees are fully capable of performing their assigned duties. The following chapter, Chapter 9, discussed methods of employee development. This chapter covered current trends associated with formal education, effective development strategies, as well as how to design a

Companies who invested in training and development programs in the long run with show that their employees great assets to their company. “Employees may gain access to training they wouldn 't have otherwise known about or sought out themselves. Employees who feel appreciated and challenged through training opportunities may feel more satisfaction toward their jobs (Frost, 2016).”

The role of Human Resources in organizations has grown immensely. The growth has increased the depth of the department and now includes vital areas such as employee engagement and development. The inclusion of these two areas maintains the scope of the department, which is to acquire, manage and develop talent.

In this essay will be examined three of the major external factors with which organizations have to face everytime and ,accordingly, these determine how it is shaped their HR agenda. It is a well-known fact that a company for its economic processes and to achieve its aims has to adapt itself assiduously to the changing conditions of the environment in which acts. The external contexts that will be evaluated in this paper are the economic, the political and the technological.

Every organization needs to have well-trained and experienced people for performing the activities that have to be done. As the jobs become more complex, the importance of employee development also increases in a rapidly changing society. Employees’ training is not only an activity that is desirable but also an activity that an organization must commit its resources to if it is maintaining a viable and knowledgeable workforce.

The labor market is a marketplace where labor and money are exchanged. In a labor market, labor is provided in the form of employment. When labor is traded in the marketplace, demand and supply are created. The firms demand labor which the worker's supply. Supply is the quantity of a product available and demand is the quantity of product desired by buyers.

The healthcare sector has been one of the most prominent employers of labor in the United States (U.S), and it keeps growing. The recent changes in U.S demographics, quality of professionals, policies, technology and the systems of funding and reimbursements have affected and caused changes in the organization and utilization of the workforce (Pellegrini, Rodriguez-monguio, & Qian, 2014). However, this is not peculiar to the healthcare industry. This paper analyzes the reasons for the changes in the healthcare labor market and suggests measures for leveraging their impact

Another practice that helps to achieve career growth and development is offering training opportunities for the employees. The employees are offered benefits that help them to further their education and achieve higher qualifications. This is a strategy which helps to increase the skills, qualifications and competence of the employees. In this way, the staff are at a better position to gain promotions within the organization as education qualification is not a barrier for them. The employees become motivated as they become more competitive in the market which is good for their career (Branham, 2012).

During the 1980’s, a new management concept referred to as ‘Human Resource Management’ (HRM) became very fashionable. At that time, many academics questioned whether HMR was simply a renaming of the previously known personnel management (PM) tool, or whether it was, as some claimed, ‘a radically different philosophy and approach to management of people at work’ (1). Firstly, it seems appropriate to define HRM. However, the definition of HRM this has been widely debated, and so