Preview

What Factors Affect The Labor Market

Good Essays
Open Document
Open Document
837 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Factors Affect The Labor Market
What Factors Affect the Labor Market?
Adrienne Rudy
ECON 210
Professor Kenneth Tirpack
February 14, 2015

As a professional recruiter, I would prefer a candidate with a college degree. Even if the degree obtained does not exactly align with the position I am looking to fill, a college degree can give me a lot of information about an applicant. One of the most important thing that a college degree tells me is that the person is a hard worker. It takes drive, hard work, and dedication to obtain a college degree. A college graduate is typically willing to learn new concepts and information, which is helpful in any field. In addition to these, a college graduate will also have a basic understanding of the position for which they applied. For a managerial position, a college graduate will have an understanding of business management, accounting, human resources, and economics. This is helpful when training a new employee and will help the applicant be successful in the position, which is beneficial to the company as a whole. In addition to checking resumes and interviewing applicants, there are many tools available that will give an employer insight into the personality and qualities that an applicant possesses. There are many types of surveys, assessments, and questionnaires that may measure areas such as skills, behaviors, motivations, and attitudes. One example is the Predictive Index, which indicates what type of person the applicant is and how they work with others. An Occupational Personality Questionnaire assesses 31 behavioral dimensions in managerial and professional staff. The Executive Achiever is a questionnaire that looks at intelligence, knowledge of leadership skills, and leadership personality traits. (Katharine Hansen, 2014) There are also general cognitive assessments that test the knowledge and understanding of certain subjects. There are a number of tools similar to these that look at different aspects and can be used depending on



References: Katharine Hansen, P. (2014). Handling Pre-Employment Screenings and Assessments. Retrieved from Quintessential Careers : http://www.quintcareers.com/pre-employment_assessments.html Williams, D. K. (2012, July 24). Top 10 List: The Greatest Living Business Leaders Today. Retrieved from Forbes: http://www.forbes.com/sites/davidkwilliams/2012/07/24/top-10-list-the-greatest-living-business-leaders-today/

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Some employers use multiple tests and other selection procedures to hire applicants and to promote employees. Interviewing, job knowledge tests, integrity tests, cognitive tests, personality tests, medical examinations, credit checks, and criminal background checks are some examples of tests administered for selection decisions. The use of these tests can be extremely effective when determining who is the most qualified for the particular position, however it is deemed discriminatory if they are used to discriminate based on race, color, sex, national origin, religion, disability or age.…

    • 315 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The personality assessment that I would recommend for use by employers would have to be the Myers-Briggs Type Indicator (MMPI). I feel that this is the best assessment for employees to take, because the MMPI is a personality test developed to test psychological disorders. offers individuals a wealth of information, from symptoms of disorder to self-esteem to emotions It is often used for career counseling, therapy, and to estimate the success in high-risk public safety positions.by employers to determine suitability for employment when hiring. Regrettable, some engineers seem to not want to take the personality tests after a crash that led to 25 people dead because they do not agree that a test should show whether they should stay on as engineers…

    • 124 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Rothstein, M. G. & Goffin, R. D. (2006). The use of personality measures in personnel selection: What does current research support?. Human Resource Management Review, 16 (2), pp. 155--180.…

    • 1253 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Personality test is a questionnaire designed to reveal a person’s aspects of his/her character or psychological individuality can be revealed through a designed questionnaire called the personality test/assessment. Employers who consider personality test first should concentrate on those test that concur with the jobs necessities. The assessment should not by any means offer information about an individual’s mental health or stability. It is unlawful in the United States for an employer to hire employees in consideration of their medical state. The Equal Employment Opportunity Commission (EEOC) does not allow such an act for the job applicants (Ones, Deniz, & Viswesvaran 39). For instance the use of Minnesota Multiphasic Personality inventory (MMPI) which greatly validates psychopathology assessment that is used for clinical psychology setting and which shows a possibility of mental health conditions. Personality tests are a hindrance to many job applicants despite the vast usage by the job hiring companies in the United States.…

    • 1559 Words
    • 7 Pages
    Better Essays
  • Good Essays

    As far as research shows, employees who are offered this opportunity stick with the company longer. From personal experience as a hiring manager those with degrees tend to work harder, present them professionally, communicate effectively and treat co-workers and customers fairly.…

    • 2559 Words
    • 11 Pages
    Good Essays
  • Good Essays

    This research by C.J. Pascoe was about the use of the word fag and its relationship to homophobia and masculinity in a high school. The term fag is used loosely throughout most high schools. The reading explains that it is used in many ways. For example, fag can be used to describe a male who is doing something that is not masculine or that is feminine. In my words the article was explaining the how the word fag is used and the different meaning it may have depending on the context and even the race of who is using the word.…

    • 464 Words
    • 2 Pages
    Good Essays
  • Good Essays

    There are many instances where a person was qualified for a job but really didn’t quite fit into the culture of the job itself, meaning, they didn’t get along with others, they weren’t very social nor outgoing, or their attitude just stunk up the whole place sending off negative vibes. In order to choose the right type of person that you’re looking for to hire for the job, one of the best ways to choose a candidate is simply putting them through a personality assessment. A personality assessment is a skill in professional psychology that involves the administration, scoring, and interpretation of empirically supported measures of personality traits and styles in order to: Refine clinical diagnoses; Structure and inform psychological interventions;…

    • 539 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Many organizations are following the notion that personality tests have no relevance to job performance and should not be used as a tool to support the hiring process; however, it can be used appropriately for leadership identification, self-awareness and team building (Robbins & Judge, 2008). The testing of personalities was at its peak in the early nineteen fifties with MBTI leading the way (Overholt, 2004). Banks initially used the MBTI as a pre-screening tool in nineteen forty six. Not one or two banks, but the entire industry was committed to utilizing the MBTI. This concept of capturing personality was developed by Isabel Briggs Myers and her mother Katherine Cook Briggs. They performed rigorous studies of some earlier work by a Swiss psychiatrist by the name of Carl Jung. The first assessment was a couple of simple questionnaires that would gauge people by their personality type. There are sixteen possible types that are configured…

    • 1918 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    The great depression was a 10-year long event that started with the stock market crash in 1929. During the great depression, several people were taking their money out of the banks to use because of the lack of jobs and lower wages. The great depression mainly affected the blue-collar sector of workers and their families the hardest. The layoff level in all of the factories was at a high rate Labor demand went down and unemployment levels went up. Most factories in the U.S. closed since commodities could not be sold and companies could not afford to make them. People struggled to make ends meet in the meager job market.…

    • 330 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A college degree also widens your horizon for job opportunities. If you do not have a…

    • 869 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Ben and Jerry’s ice cream has been in business since 1978. It began with Ben Cohen & Jerry Greenfield and a combined life savings of $8,000. These two young men had a vision and were able to develop into one of the most successful ice cream businesses in America. Most importantly, they have employee’s that genuinely enjoy working for the company and are motivated to go to work. How does this company do it? This essay will explore how Ben and Jerry’s motivate its employees by having values and a goal-oriented business.…

    • 1145 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Fragile X Syndrome

    • 804 Words
    • 4 Pages

    The term “fragile X” comes from the finding that the X chromosomes of affected individuals have a fragile site that causes the chromosome to break under certain test conditions.…

    • 804 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    “…the greatest value of a college degree…the screening device for basically any job.” For many graduates the degree has been of no use, only a way to show how credited you are. Many are struggling o even pay off their loans without a job that’ll pay them. As many jobs lately now are difficult to get which leaves one without experience, nothing. Most likely employers are looking for someone with as much experience one has for that certain job;…

    • 696 Words
    • 3 Pages
    Good Essays
  • Good Essays

    First, a college degree helps you to find a better job. It is due to big companies are looking for people to assign activities. These activities sometimes need skills that are acquired by yourself during your education. For example, when the person is successful in college or university, the person is responsible, respectful and mature to make decisions. Also, the person knows how to listen and speak to other people. Some people think about getting a better job like a path. This path is long and it may ask for knowledge, experiences and even networking; however, this entire path is built in college. A college experience opens doors to find a dreamed job. Students must keep the next idea: The more important is the job more requirements it asks.…

    • 546 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Moreover, the majority of companies are biased towards picking the candidate with higher education when hiring employees. That being said, a present day college education can be compared to that of a high school diploma four decades ago. The benefits of a college education outweigh the negatives in my case, higher pay and job stability being two important benefits I will take pleasure in. If I don’t obtain my college education, my life will be far more difficult in the long term physically, mentally and…

    • 484 Words
    • 2 Pages
    Good Essays