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Labor Markets and Recruiting Tasks.

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Submitted By Simakas
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1. Identify different ways that labor markets can be identified and approached.
• Geographic Labor Markets – are markets labor markets classified by geographical area. There could be area based, local, regional, nation-wide labor markets. Local and area labor markets vary significantly in terms of workforce availability and quality. (Mathis & Jackson, Human Resource Management, p. 2008, 197) For example, one region can be short of local workforce, because of aging people and there is a high immigration of foreigners to fulfill these vacancies. Changes in a geographic labor market may force changes in recruiting efforts. (Mathis & Jackson, Human Resource Management, 2008, p. 197). For example, if a big company locates in the specific region, other local employers will have to give more effort to keep their employers and grant bigger wages just to keep them.
• Global Labor Markets – are such markets when the company searches for the right employee globally. For example workers from Eastern Europe travel to work at cheap manual labor jobs, and the receiving countries are likely to accept them because workers’ demands are smaller and that is why they can pay less wages. Recruiting employees for global assignments requires approaches and understanding different from those used for typical recruiting efforts in the home country. (Mathis & Jackson, Human Resource Management, 2008, p. 198). Significant issue of global markets is government regulations by which the local labor force is protected. Other problems faced by international labor markets is cultural, law, etc.
• Industry and Occupational Labor Markets - labor markets also can be classified by industry and occupation. The demand for truck drivers, hotel workers, nurses, teachers, and others has been strong, creating tight labor markets in the industries served by those occupations. (Mathis & Jackson, Human

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