Difference between revisions of "Job Market Trends"
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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. | :[[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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: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''. | :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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| + | :''Unemployment rate'' doesn't describe the real situation. For instance, [[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 even when the ''rate'' is high. | ||
'''[[Job-Market Resources]]''' is the successor [[lectio]]. | '''[[Job-Market Resources]]''' is the successor [[lectio]]. | ||
==Quiz== | ==Quiz== | ||
Revision as of 16:50, 8 May 2020
Job Market Trends (hereinafter, the Lectio) is the second lesson part of the Job Market Essentials lesson that introduces its participants to job market and related topics.
This lesson belongs to the Introduction to Recruitment session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.
Contents
Content
The predecessor lectio is What Job Market Is.
Key terms
- Job market. The number of jobs that are available in a particular place or for a particular type of work. 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 employer's compensation.
- Job-market actor. Any actor on the job market.
- Human capital. The combination of attitudes, social features, and personality attributes, including creativity, that is integrated into the KSAs needed in order to produce economic value through labor.
- Job-market trend. The general direction of changes or developments on the job market.
- 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.
- Unemployment rate. The share of the workers who are unemployed in their total number, which is usually expressed as a percentage.
Script
- Job-market trends 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 workers who are unemployed in their total number, which is usually expressed as a percentage.
- 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.
- 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.
- Unemployment rate doesn't describe the real situation. For instance, economists define human capital is the combination of attitudes, social features, and personality attributes, including creativity, of the workforce. This capital is integrated into the KSAs needed to produce economic value through labor. Some employers would struggle to hire employees if this capital is poor even when the rate is high.
Job-Market Resources is the successor lectio.
