I’m studying for my Management class and need an explanation.
Post a total of 3 substantive responses. This includes your initial post and 2 replies to other students.
Write a 175- to 265-word response to the following:
- Explain the effects a changing labor market has on selection, training, and promotion for human resources. How should human resources respond?
According to Martocchio (2019), the human resourcing fundamentals of selection, training and promotion in staffing the best people has a lot to do with an environmental factor and how the labor market can shape work conditions. It is the ability for HR professionals to recruit various demographic of individuals with specific skill set outside of the company making the job market a competitive environment. Hence, within the strategic planning, HR should recognize what is truly required in a position needing to be filled so that they can competitively seek out the best candidates. Their job posting and requirements of individuals must be tailored and specific to avoid clashing within the the labor market. Explained on pp. 15, HR professionals utilize an integrate system called, Human Resource Information System (HRIS) as a tool to gather all basis of recruiting and training etc. to help guide their decision making. HR must be current with everyday job market to ensure their decision making will not affect their process of selection, training and promotable resources. As time goes, not just HR but the company must adjust their recruiting and training perimeters to suite the industry standards. Adaptation is critical to proper selection and overall company’s continuous employment succession.
Although, labor market’s competition plays a dynamic role in bringing out highly skilled and educated candidates, how would you formulate a plan as an HR professional to snatch those awesome potentials before other companies do? What would be your gimmick?
Martocchio, J. J. (2019). Human resource management. (15th ed.). Upper Saddle River, NJ: Pearson.
Student S P
Changing the labor market can be demanding on changing dynamics such as immigration, the education levels. It can also be unemployment and the change off domestic products. The labor market helps to make improvements with employment like people of different ages, occupations, and various countries. People get together and bargain for labor and wages. They decide what they can work for and how much they would like to get paid. It will help level the point of where supply will demand labor. Only a few laws of supply and demand will be affected by the prices that consumers will pay. This means that if labor changes can require work. People make the demand for labor. The market will demand workers, and we will supply. That’s how this will help to get what we want to buy. It makes it more accessible. I see it as the work demands, and we supply them to work for the exchange of money. The demands of work change so much over time. The labor demand of an employer is the number of labor-hours that the employer is willing to hire based on work flow.