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Managing People Topic 2

A professional illustration depicting the labour market, featuring diverse individuals in various work environments, charts representing economic data, and visual elements related to employment dynamics.

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.

10 Questions2 MinutesCreated by EngagingMind24

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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