Labor Market
Labor markets are the places where the companies are able to get their employee from. This is an important position because it largely determines the type of workforce that one will be able to get. The labor markets differ across countries and they are also different depending on the industry that the company may be dealing in. In this case, the home depot takes most of its employees from the American labor market. As a retailer, it is vital to identify the issues that the company may be facing at any one time in the job market for them to prepare and tackle the problems effectively.
The job market in America is often very changing for most companies. This is also a factor that applies to the retail industry which the home depot …show more content…
These are employees that do not need to have a lot of skills for them to be able to remain in operation. This is the majority of the employees that work in the stores as attendants and also have other duties that can be considered not to be very technical. This includes cleaning and also security. One of the most critical things that the company has been able to do in this case is to take the most qualified employees at this stage and then focuses on ensuring that they train them to the standards that they want. This is a strategy that has been used across all the three labor markets where the company has operations. There is an over-supply of the employees in this category, and so it is often easy for the organization to recruit people that are best suited for them as well as train them to ensure that they can carry out the day to day activities that are found in the many stores that they operate across North America.
The population of people in the labor market is very high. This means that there are very many people that are currently unemployed and this is a factor that will result in the company being able to access active labor. This is generally vital for the overall operations, and so this is a positive item with consideration of the organization hiring policies as a …show more content…
It is notable that majority of the people that were in the company are people that have been able to read up to the twelfth grade and are good in communicating in English to all the other people. As for the managers, the requirements are high including the masters’ level of education as well as a lot of experience in the job market (Davis and Haltiwanger, 2014).
When I look at the entire workforce, the level of training that is required by the company is minimal. This is because the people that have these responsibilities are able to gain a majority of the skills that they are required to have while they are in school. The training that is undertaken is only done in an effort to help the different employees to understand the specific duties that they have. The training is also done in an attempt to sharpen the skills that these people already have. In general, training is done to add a little more skills and also remind the employees what they already
Labor markets are the places where the companies are able to get their employee from. This is an important position because it largely determines the type of workforce that one will be able to get. The labor markets differ across countries and they are also different depending on the industry that the company may be dealing in. In this case, the home depot takes most of its employees from the American labor market. As a retailer, it is vital to identify the issues that the company may be facing at any one time in the job market for them to prepare and tackle the problems effectively.
The job market in America is often very changing for most companies. This is also a factor that applies to the retail industry which the home depot …show more content…
These are employees that do not need to have a lot of skills for them to be able to remain in operation. This is the majority of the employees that work in the stores as attendants and also have other duties that can be considered not to be very technical. This includes cleaning and also security. One of the most critical things that the company has been able to do in this case is to take the most qualified employees at this stage and then focuses on ensuring that they train them to the standards that they want. This is a strategy that has been used across all the three labor markets where the company has operations. There is an over-supply of the employees in this category, and so it is often easy for the organization to recruit people that are best suited for them as well as train them to ensure that they can carry out the day to day activities that are found in the many stores that they operate across North America.
The population of people in the labor market is very high. This means that there are very many people that are currently unemployed and this is a factor that will result in the company being able to access active labor. This is generally vital for the overall operations, and so this is a positive item with consideration of the organization hiring policies as a …show more content…
It is notable that majority of the people that were in the company are people that have been able to read up to the twelfth grade and are good in communicating in English to all the other people. As for the managers, the requirements are high including the masters’ level of education as well as a lot of experience in the job market (Davis and Haltiwanger, 2014).
When I look at the entire workforce, the level of training that is required by the company is minimal. This is because the people that have these responsibilities are able to gain a majority of the skills that they are required to have while they are in school. The training that is undertaken is only done in an effort to help the different employees to understand the specific duties that they have. The training is also done in an attempt to sharpen the skills that these people already have. In general, training is done to add a little more skills and also remind the employees what they already