1. Chapter 3 Labour Market

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

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

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

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

6. Population Trends Ageing Better education Smaller families Need to attract talents

7. More Degree Holders Education Profile More Degree Holders YearDegree holder (% of Labour Force) 1991 7.1 199611.6 200319.3 200420.5

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