Labour Market and Human Resource Planning (Byte Size)

The exchange of work for payment is a practice as old as human civilisation and as modern as today's newspaper. We hear of "fat cats" earning too much and we hear of junior hospital doctors enduring the stress of working too much and earning too little. We hear much less about the mechanisms whereby the people looking for work and employers looking for people to do work actually get together. These mechanisms are the mechanisms of the labour market, as everyone who exchanges their work for someone else's payment is part of a labour market.

Matching supply with demand is an activity involving careers advisors, recruitment consultants, job centres and other agencies before it becomes one of the central features of human resource management. Economists explain the way supply and demand works between those who offer employment and those who offer their labour, with the emphasis on the economic aspects of the options open to the parties:

"Theory suggests that job choice is determined by the bundle of wage and non-wage conditions attached to different jobs. Current earnings, employment prospects, probable future earnings, the nature and conditions of work and similar factors are all evaluated by the person seeking work, whose ultimate decision between alternative job openings depends on the balance of net advantages" (Mackay et al. 1971, p. 16).

Here we limit ourselves to those features of labour market data and analysis that impinge on the vacancy filling problems of organisations.

Syllabus

Introduction

Objectives

What is the Labour Market?

Labour Market Mechanics and Data

Strategic Aspects of Resourcing

Planning: Jobs and People

Summary

References

Further Reading

Self Assessment

Tutor-marked Question Paper

Sample Course Materials

Please click on the logo below to view a few sample pages of the course materials we provide. Whilst this is only a few sample pages, we do hope that it will give you some idea of the quality of the materials we provide. If you have anymore queries in relation to the course materials, please feel free to contact one of our friendly course advisors who will be more than happy to deal with any queries that you may have.

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Qualifications

On completion of your course, you will receive the dual award:

Award 1 is issued by Stonebridge Associated Colleges: Labour Market and Human Resource Planning (Byte Size) Certificate

Labour Market and Human Resource Planning (Byte Size) Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.

Requirements for Entry

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Study Options

In order to offer our students the most convenient and flexible distance learning courses, Stonebridge Associated College offers you the option to study for your course via two methods:

• 1. Via the traditional paper-based method.
• 2. Through the online method via ElearnUK.

If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.

Stonebridge Prices

Studying by Post. If you would like to pay by instalments, we do offer an affordable interest free payment plan scheme which allows you to spread the cost of your course over a number of months. However, to use this option you will need to study for your course using the traditional paper-based method. For more information on our payment plans please visit our website at www.stonebridge.uk.com

The reason why the course fee is less if you choose to study online, is because with online study there are no costs associated with postage and printing etc. and thus we are able to offer the course at a reduced rate.

The total amount payable over the term's period, is no more than the total cash price of the course.
(APR = 0%). Written quotations are available on request.

Study Hours

This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.

The approximate amount of time required to complete the course is: 20 hrs.