Difference between revisions of "What Job Market Is"

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[[What Job Market Is]] (hereinafter, the ''Lectio'') is the second [[lectio|lesson part]] of the '''[[Job Market Essentials]]''' [[lesson]] that introduces its participants to [[job market]] and related topics.
 
[[What Job Market Is]] (hereinafter, the ''Lectio'') is the second [[lectio|lesson part]] of the '''[[Job Market Essentials]]''' [[lesson]] that introduces its participants to [[job market]] and related topics.
  
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[[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Recruitment]] session of the [[CNM Cyber Orientation]]. The ''Orientation'' is the second stage of the [[WorldOpp Pipeline]].
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[[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Recruitment]] session of [[EmployableU Concepts]].
  
  
 
==Content==
 
==Content==
 
The predecessor [[lectio]] is [[Professional Credentials]].
 
The predecessor [[lectio]] is [[Professional Credentials]].
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[[File:Career-actors.png|400px|thumb|[[Job market]]]]
  
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===Key terms===
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===Script===
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:'''[[Job market]]'''. The number of jobs that are available in a particular place or for a particular type of work. On this market, [[employer]]s would like to exchange their [[employee compensation]]s to one's willingness to perform employer's jobs, on the one hand, and, on the other hand, [[employment candidate]]s would like to exchange their willingness to perform employer's jobs to employer's compensation.<div style="background-color:#efefef; padding: 5px; margin: 15px;">
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:The [[job market]] is the number of [[employment vacancy|employment vacanci]]es that are available in a particular place or for a particular type of work and the number of [[employment candidate]]s who are able to fill these ''vacancies'' in.
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:*'''[[Job-market actor]]'''. Any actor on the [[job market]].
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:*'''[[Human capital]]'''. The combination of [[attitude]]s, social features, and personality attributes, including [[creativity]], that is integrated into the [[KSA]]s needed in order to produce economic value through labor.
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:On this ''market'', [[employer]]s would like to exchange their [[employee compensation]]s to one's willingness to perform employer's jobs, on the one hand, and, on the other hand, [[employment candidate]]s would like to exchange their willingness to perform employer's jobs to [[employee compensation]].
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:*'''[[Job-market trend]]'''. The general direction of changes or developments on the [[job market]].
 
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:*'''[[Unemployment]]'''. A situation in which a [[worker]], who is legally allowed working, cannot find suitable [[employment]] and/or doesn't have a job that provides money.
 
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:*'''[[Unemployment rate]]'''. The share of the [[worker]]s who are [[unemployment|unemployed]] in their total number, which is usually expressed as a percentage.</div>
 
  
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===Script===
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:Any actor on the [[job market]] is a [[job-market actor]]. Besides [[employer]]s and [[worker]]s, these actors include [[job-market intermediary|job-market intermediari]]es.
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:The [[job market]] is the number of [[employment vacancy|employment vacanci]]es that are available in a particular place or for a particular type of work. On this ''market'', [[employer]]s would like to exchange their [[employee compensation]]s to one's willingness to perform employer's jobs, on the one hand, and, on the other hand, [[employment candidate]]s would like to exchange their willingness to perform employer's jobs to [[employee compensation]].
 
  
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:Because both [[employer]]s and [[worker]]s are on the [[job market]], they both are engaged in [[marketing]].
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:A [[job-market intermediary]] is any [[legal entity]] that makes or indent to make employment arrangements between [[worker]]s and [[employer]]s that either (a) do not deal with each other directly yet or (b) need [[third party]]'s help.
  
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:Marketing endeavors of [[worker]]s are called [[job marketing]]. ''Workers'' should market themselves to land a job.
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:[[Third-party recruiter]]s are examples of the ''intermediaries''; the government agencies that support [[job market actor]]s are other examples.
  
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:Marketing endeavors of [[recruiter]]s are called [[vacancy marketing]]. ''Recruiters'' should market their [[employment vacancy|employment vacanci]]es to find qualified, able, and available [[employment candidate]]s.
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:In the [[United States]], the [[United States Department of Labor|Department of Labor]] is the cabinet-level department of the [[United States Federal Government]] is responsible for the execution of federal [[labor law]]s to guarantee workers' rights to fair, safe, and healthy working conditions, including minimum hourly wage and overtime pay, protection against employment discrimination, and [[unemployment benefits]].
  
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:[[Economist]]s define [[human capital]] is the combination of [[attitude]]s, social features, and personality attributes, including [[creativity]], of the [[workforce]]. This ''capital'' is integrated into the [[KSA]]s needed to produce economic value through labor. Some ''employers'' would struggle to hire ''employees'' if this capital is poor.
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:Because both ''employers'' and ''workers'' are on the [[job market]], they both are engaged in [[marketing]].
  
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:Any actor on the [[job market]] is a [[job-market actor]]. Besides ''employers'' and ''employees'', these actors include [[job-market intermediary|job-market intermediari]]es.
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:Marketing endeavors of [[worker]]s are called [[job marketing]]. ''Workers'' should market themselves to land a job.
  
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:[[Job-market trend]]s are general directions of changes or developments on the ''market''. One of the key numbers is the [[unemployment rate]]. This ''rate'' reflects the share of the [[worker]]s who are [[unemployment|unemployed]] in their total number, which is usually expressed as a percentage.
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:Marketing endeavors of [[recruiter]]s are called [[vacancy marketing]]. ''Recruiters'' should market their [[employment vacancy|employment vacanci]]es to find qualified, able, and available [[employment candidate]]s.
  
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:[[Unemployment]] is a situation in which a [[worker]], who is legally allowed working, cannot find suitable [[employment]] and/or doesn't have a job that provides money.
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===Key terms===
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:[[Job market]], [[job-market actor]], [[job-market intermediary]], [[United States Department of Labor]]
  
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:When ''unemployment'' is high, the ''market'' is known as [[employer market]]. That may mean that ''employer'' has a higher power over ''employment candidates''. When ''unemployment'' is low, the ''market'' is known as [[employee market]]. That may mean that ''employee'' has a higher power over ''employer''.
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===Closing===
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:Is the [[concept]] of [[job market]] explained well? --Yes/No/I'm not sure
  
 
'''[[Job Market Trends]]''' is the successor [[lectio]].
 
'''[[Job Market Trends]]''' is the successor [[lectio]].
  
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==Quiz==
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==Questions==
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===Placement entrance exam===

Latest revision as of 21:35, 29 October 2023

What Job Market Is (hereinafter, the Lectio) is the second lesson part of the Job Market Essentials lesson that introduces its participants to job market and related topics.

WorldOpp Pipeline

This lesson belongs to the Introduction to Recruitment session of EmployableU Concepts.


Content

The predecessor lectio is Professional Credentials.

Job market

Script

The job market is the number of employment vacancies that are available in a particular place or for a particular type of work and the number of employment candidates who are able to fill these vacancies in.
On this market, employers would like to exchange their employee compensations to one's willingness to perform employer's jobs, on the one hand, and, on the other hand, employment candidates would like to exchange their willingness to perform employer's jobs to employee compensation.
Any actor on the job market is a job-market actor. Besides employers and workers, these actors include job-market intermediaries.
A job-market intermediary is any legal entity that makes or indent to make employment arrangements between workers and employers that either (a) do not deal with each other directly yet or (b) need third party's help.
Third-party recruiters are examples of the intermediaries; the government agencies that support job market actors are other examples.
In the United States, the Department of Labor is the cabinet-level department of the United States Federal Government is responsible for the execution of federal labor laws to guarantee workers' rights to fair, safe, and healthy working conditions, including minimum hourly wage and overtime pay, protection against employment discrimination, and unemployment benefits.
Because both employers and workers are on the job market, they both are engaged in marketing.
Marketing endeavors of workers are called job marketing. Workers should market themselves to land a job.
Marketing endeavors of recruiters are called vacancy marketing. Recruiters should market their employment vacancies to find qualified, able, and available employment candidates.

Key terms

Job market, job-market actor, job-market intermediary, United States Department of Labor

Closing

Is the concept of job market explained well? --Yes/No/I'm not sure

Job Market Trends is the successor lectio.

Questions

Placement entrance exam

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