Employment and Factors

and will then explain the single factors of the DESTEP - model and its affect on the Recruitment and Selection department. With every factor I will first explain the factor in general and then administer to the Recruitment and Selection department/worker.

The Labor market

What is the labor market?

The labor market is the place where workers compete for paying jobs and employers compete for willing workers. Also in the labor market the wage rates are determined. The market can be local, national or international. The total labor market is divided in smaller, interacting labor markets for different qualifications, skills and locations. The market depends on information about wage rates, conditions of employment, level of competition and job locations exchanged by employers and job seekers.

What are the ways to approach the labor market?

With this approach it’s all about the production process. A company wants to have the lowest possible cost, but the highest possible and most efficient possible production process. So what they want is less cost more benefits/productivity.

Social approach: With a social approach the social security for the employee is more looked at and of higher importance. With the social approach, minimum working conditions and participation within an organization is looked at.
A recruitment and selection worker will look at the different points mentioned above while analyzing the job. The social security for the future employee is very important and should be considered before offering the job to someone.

Institutional approach: With this approach the balance between employer and employee is of high importance. To keep this balance there are institutions like government and unions.

The DESTEP – model

While investigating and inventorying the labor marker we look at different factors. The factors being looked at are factors that directly influence the labor market. Using the destep-model can help a recruitment and