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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

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Chapter 3

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Chapter 3

Labour Market


NEED FOR LABOURCompany’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


Education ProfileMore Degree Holders


BERI 2002 Labour Force Evaluation Measure


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