Question 8

Critically discuss the current state of the major labour markets in which your organisation competes for staff in terms of both demand for and supply of skills. Explain whether these labour markets are loosening, tightening or stable. How do you anticipate that this situation may change over the next ten years? Justify your key points with reference to statistics and examples.

LO2 Understand current and short-term developments in the people management business environment.

2.4 Evaluate current developments in the media, technological and economic environments and their significance for people management.

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