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The Labor Market.docx - Running head: THE LABOR MARKET 1...

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Running head: THE LABOR MARKET1The Labor MarketName:Institutional Affiliations:
THE LABOR MARKET2Importance Of The Knowledge Of The Labor MarketThe HR managers can review staffing levels and projections so that they can predict thelikelihood of workforce needs of the organization in the future. Additionally, the HRprofessionals are able to use tools such as the Realistic Job Previewin the staffing process toensure that applicants from the labor market have a glimpse of the job and the environment thatthe position they apply for will present to them so that they can decide on whether to continuewith the applications or not. Such moves ensure that only those well up to the task is hired(SHRM, 2019).External Perspectives of the Labor MarketFrom an external perspective, HR professionals can come up with their recruitment baseto meet the needs of the firm.Also, the firm management can build an ecosystem that attracts

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Term
Spring
Professor
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