Managing People Topic 2
Understanding the Labour Market: A Quiz
Test your knowledge on the dynamics of the labour market with our engaging quiz! Dive into concepts like PESTLE, types of unemployment, and factors that influence labour supply and demand.
By participating, you will:
- Enhance your understanding of key economic concepts.
- Identify the factors affecting employment relations.
- Analyze issues related to inequality in the labour market.
What does PESTLE stand for?
Political Economic Sociological Technological Legal Enviromental
Political Employment Sociological Technological Legal Enviromental
Psychological Employment Strawberry T
Political Environmental Sociological Tactical Legal Enviromental
What is the Labour Market?
A place where jobs are bought
Mechanisms which human labour is bought and sold as a commodity
Decides how much labour a person can do
How employees are resourced
Which one of these ISNT a nature of labour market
Labour Supply
Job responsibility
Labour Demand
Employment Policies
What type of these is not termed unemployment
Frictional
Structural
Unstructural
Cyclical
Which one of these doesn't effect Labour Market Demand
Changes to the external business environment
Changes in the internal business environment
Changing communications and production technologies.
Changes of climate in small amounts
Inequality in the labour market can include...
Age
Gender
Ethnicity
Population
Which one of these doesnt benefit from flexible working practices
Mangers
Professionals
Manual Workers
Clerical Workers
What is meant by Frictional Unemployment
People who havent been employed for over 5 years
When shifts in the economy creates a mismatch in the skills the economy needs and skills that workers have
When workers leave their old jobs but haven't yet found new ones.
Caused by the contraction phase of the business cycle
What factor does effect Labour Market Supply
Changing societal attitudes to work and education
Changes in the internal business environment
Changing communications and production technologies
Changes in the political context
2 Key Factors shaping the Employment Relationship
The PESTLE Framework
The Labour Market
Social Media
Economic and Employment
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