Difference between revisions of "Job Market Trends"
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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. | :*'''[[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. | ||
:*'''[[Job-market trend]]'''. The general direction of changes or developments on the [[job market]]. | :*'''[[Job-market trend]]'''. The general direction of changes or developments on the [[job market]]. | ||
Revision as of 17:44, 9 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
- [[]].
- 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.
