Chapter 3 Labour Market. NEED FOR LABOUR Company’s perspective Right number and kind of workers Perform tasks in various departments.

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Presentation transcript:

Chapter 3 Labour Market

NEED FOR LABOUR Company’s perspective Right number and kind of workers Perform tasks in various departments

NEED FOR LABOUR Union’s perspective Fair reward for worker Job security Safety at workplace

Profile of Labour Force LFPR Unemployment rate Ageing workforce mid-career workers BERI’s ranking

Problems in Labour Market Preferred type of work Preferred location Reluctant to work abroad Dependence on foreign workers

Population Trends Ageing Better education Smaller families Need to attract talents

More Degree Holders Education Profile More Degree Holders YearDegree holder (% of Labour Force)

BERI 2002 Labour Force Evaluation Measure CountryLFEM (overall) Singapore86 Switzerland75 Belgium74 Japan73 USA72