Job market
Job market (hereinafter, the Market) is some market in which employers would like to exchange their employee compensation to one's willingness to perform some jobs, on the buyer side, and worktime sellers would like to exchange their willingness to perform employer's jobs to employer's compensation, on the seller side.
- For an employer, market is also an aggregate of all employment candidates who are able to do employer's jobs, available for that, and motivated by employer's compensation;
- For an employment candidate, market is also an aggregate of all employers who are willing to hire this employment candidate.
The Market refers to a medium, virtual or physical, that facilitates (a) employers and employment candidates search for each other, (b) negotiation of details of possible employment, and (c) making employment deals. Job market competitiveness refers to the ratio of employers and employment candidates for a particular job.
