Imran Shahzad MBA Banking & Finance Financial Accounting Roll # 523225

TOPIC
Labor Market Conditions

Labor Market: A labour market is a mechanism which matches potential employers of people the demand for labour with people who are available for work the labour supply.

Forces that affect a labour market

Changes in the internal business environment, such as changes in production processes, new technologies or business structures resulting in job losses New laws which affect jobs (for example, banning hunting, or restricting the number of hours a lorry driver can drive) National and international policies like the introduction of National Minimum Wages, or free movement of labour within the European Union5

LABOUR MARKET CONDITIONS

Labour market conditions, we are referring to the in and out flow of labour, the level of quality of that labour force, the composition of the market with respect to gender, ethnicity, expertise and age groups also covers the issues of exploitation of labour by the power full industrialist as well as the role of power hungry labour leaders. Labour market condition also encircles the activities termed as labour management, situation regarding quality of work life. It also covers the scenario arising due to the change in political environment of the world. In general we can say that it is an arena where human resource is the 6 key player.

LABOUR MARKET INDICATORS

Unemployment rate y Active population y Employment contracts y Salaries y Contributions y Duration of work time
y

FACTORS EFECTING LABOUR MARKET TRENDS.

Globalization Change y Demographic Change y Technological Changes
y

PRACTICAL STUDY
y

Sayyed pioneered the ballpoint pens manufacturing in South Asia at a time when such precision engineering as is involved in the production of ball point pens, especially the tips, was thought to be possible only in the advanced countries. From the time of its inception in 1967, it has continued its commitment to quality and innovation. In addition to being the largest producer of ballpoint pens in Pakistan, it has been exporting its quality products to many countries, including UAE, Jordan, Iraq, Egypt, Madagascar, Holland, Morocco, Afghanistan and Saudi Arabia.

Working of Labor
Permanent Employees y Contractual Employees
y

Review of theoretical and practical situations

The organization is exploiting the new workers because they can never be permanent employee. y The number of permanent workers is decreased with the passage of time. y The Union strength is also getting week. y The company getting much more from the manpower at a rate, which is much cheaper than the normal wage rate which origination, have to pay.
y

Merits
Good working conditions for the work force y Compensating its employees y Registered with the other Government institution y The organization is treating its employees well when we observe it in relation to the other companies in the country, which is an important strength of the company
y

Demerits
y

The union is also trapping the company for many non-serious benefits and other nonregular increments. The junior supervisory staff is non-qualified and they are ranker from the existing workers cannot understand the basic theme of the management. Now a day The Company is not employing the workers on permanent basis, which is causing frustration among all the workers on contract, and they are feeling insecurity of their job.

Conclusions and recommendations.

y

The working condition of the Pakistan market is not so good because the economic activities laying behind the growth of population so in this respect employers are shaking the trust of labour and they are using unfair means to curtail the benefits of the workers.

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