What Job Market Is
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.
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 Professional Credentials.
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.
Script
- The job market is the number of employment vacancies 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 employee compensation.
- 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.
- Any actor on the job market is a job-market actor. Besides employers and employees, these actors include job-market intermediaries.
Job Market Trends is the successor lectio.
