{"id":25721,"date":"2023-07-31T12:11:16","date_gmt":"2023-07-31T12:11:16","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/critically-discuss-current-labour-market-trends-in-the-supply-of-and-demand-for-skills\/"},"modified":"2023-07-31T12:11:16","modified_gmt":"2023-07-31T12:11:16","slug":"critically-discuss-current-labour-market-trends-in-the-supply-of-and-demand-for-skills","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/critically-discuss-current-labour-market-trends-in-the-supply-of-and-demand-for-skills\/","title":{"rendered":"Critically discuss current labour market trends in the supply of and demand for skills."},"content":{"rendered":"

In most countries, recent years have been ones in which unemployment
\nlevels have been low by historic standards. Critically discuss why this situation
\nhas evolved. How is it affecting the management of people in your organisation (British Airways)?<\/span><\/p>\n


<\/span><\/div>\n
<\/p>\n
\n

Use most up to date picture on labour market \u2013
\nusing ONS, Labour market quarterly surveys or data from your own country. Look
\nat current employment market trends such as low unemployment, decline in entry
\nlevel jobs making it more difficult for young people to enter job market,
\nincrease in requirement for highly skilled workers, people who have left
\nworkforce but not included in government unemployment figures. <\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

You need to answer the first and second parts of
\nthe question. How has this situation evolved? You may want to relate this to
\nyour own context such as the increasing use of technology, Brexit, rising
\ninflation, war. What are the main drivers of skills shortages in your
\norganisation or one you are familiar with. 
\n<\/span><\/span><\/span><\/p>\n

Analyse how an organisation will react when a
\nlabour market is tight. What happens to wages and working conditions, for
\ninstance. How does this affect staff? What are the issues that managers may
\nhave to deal with because of these changes? Use industry examples that reflect
\nmost current picture. E.g., removal of pension cap to encourage doctors\/
\nskilled workers back to work who already have large pension pots, for instance.
\n<\/span><\/span><\/p>\n

Choose two strategies and justify their use such as
\nhybrid working, reward strategies, internal labour market, links with colleges,
\nuniversities and schools, innovative recruitment strategies, retention
\nstrategies etc. <\/span><\/span><\/p>\n<\/div>\n\n\n\n
\n

Apply to your own organisation.
\n Identify some job roles or skills areas that are tight. Evaluate whether your
\n organisation is using the most effective strategies for recruitment. Make
\n justified recommendations for improvement. 
\n <\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

Reading material<\/span><\/span><\/p>\n

Read
\n Chapter 6: Labour Markets. Taylor, S. and Perkins, G. (2021) Work and
\n Employment in Changing Business Environment <\/span><\/b><\/span><\/p>\n

Labour Market Outlook | Surveys | CIPD<\/span><\/a> <\/span><\/b><\/a><\/span><\/span><\/p>\n

UK wages rise amid tightest labour market for decades, but
\n surveys hint at pay pressures<\/span><\/a> <\/span><\/a>peaking soon | IHS Markit<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

Vacancies and jobs in the UK <\/span><\/a>– <\/span><\/a>Office for National Statistics (ons.gov.uk)<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

38% of UK businesses turned down work due to staff shortages  <\/span><\/span><\/a>– <\/span><\/a>Intelligent CXO<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

https:\/\/www.cipd.co.uk\/news<\/span><\/a>–<\/span><\/a>views\/cipd<\/span><\/a>–<\/span><\/a>voice\/Issue<\/span><\/a>–<\/span><\/a>33\/great<\/span><\/a>–<\/span><\/a>resignation<\/span><\/a>–<\/span><\/a>fact<\/span><\/a>–<\/span><\/a>fiction<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

https:\/\/commonslibrary.parliament.uk\/how<\/span><\/a>–<\/span><\/a>has<\/span><\/a>–<\/span><\/a>the<\/span><\/a>–<\/span><\/a>pandemic<\/span><\/a>–<\/span><\/a>affected<\/span><\/a>–<\/span><\/a>industries<\/span><\/a>–<\/span><\/a>and<\/span><\/a>–<\/span><\/a>labour<\/span><\/a><\/a>in<\/span><\/a>–<\/span><\/a>the<\/span><\/a>–<\/span><\/a>uk\/<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

https:\/\/www.theguardian.com\/business\/2021\/oct\/04\/staff<\/span><\/a>–<\/span><\/a>shortages<\/span><\/a>–<\/span><\/a>spreading<\/span><\/a>–<\/span><\/a>to<\/span><\/a>–<\/span><\/a>all<\/span><\/a>–<\/span><\/a>corners<\/span><\/a><\/a>of<\/span><\/a>–<\/span><\/a>uk<\/span><\/a>–<\/span><\/a>business<\/span><\/a>–<\/span><\/a>survey<\/span><\/a>–<\/span><\/a>finds<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n

UK wages rise amid tightest labour market for decades, but
\n surveys hint at pay pressures<\/span><\/a> <\/span><\/a>peaking soon | IHS Markit<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

Vacancies and jobs in the UK <\/span><\/a>– <\/span><\/a>Office for National Statistics (ons.gov.uk)<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

38% of UK businesses turned down work due to staff shortages<\/span><\/a>  <\/span>– <\/span><\/a>Intelligent CXO<\/span><\/a> <\/span><\/a>https:\/\/www.cipd.co.uk\/news<\/span><\/a>–<\/span><\/a>views\/cipd<\/span><\/a>–<\/span><\/a>voice\/Issue<\/span><\/a>–<\/span><\/a>33\/great<\/span><\/a>–<\/span><\/a>resignation<\/span><\/a>–<\/span><\/a>fact<\/span><\/a>–<\/span><\/a>fiction<\/span><\/a> <\/span><\/a>https:\/\/commonslibrary.parliament.uk\/how<\/span><\/a>–<\/span><\/a>has<\/span><\/a>–<\/span><\/a>the<\/span><\/a>–<\/span><\/a>pandemic<\/span><\/a>–<\/span><\/a>affected<\/span><\/a>–<\/span><\/a>industries<\/span><\/a>–<\/span><\/a>and<\/span><\/a>–<\/span><\/a>labour<\/span><\/a><\/a>in<\/span><\/a>–<\/span><\/a>the<\/span><\/a>–<\/span><\/a>uk\/<\/span><\/a> <\/span><\/a><\/span><\/span><\/p>\n

https:\/\/www.theguardian.com\/business\/2021\/oct\/04\/staff<\/span><\/a>–<\/span><\/a>shortages<\/span><\/a>–<\/span><\/a>spreading<\/span><\/a>–<\/span><\/a>to<\/span><\/a>–<\/span><\/a>all<\/span><\/a>–<\/span><\/a>corners<\/span><\/a><\/a>of<\/span><\/a>–<\/span><\/a>uk<\/span><\/a>–<\/span><\/a>business<\/span><\/a>–<\/span><\/a>survey<\/span><\/a>–<\/span><\/a>finds<\/span><\/a> <\/span><\/a><\/span>   <\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

In most countries, recent years have been ones in which unemployment levels have been low by historic standards. Critically discuss why this situation has evolved. How is it affecting the management of people in your organisation (British Airways)? Use most up to date picture on labour market \u2013 using ONS, Labour market quarterly surveys or […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[1112],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25721"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=25721"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25721\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=25721"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=25721"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=25721"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=25721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}