Question

Outline the purpose of the Labour Market Information Portal and give two examples of information included in the Portal that can assist with workforce planning.

Answer 1

The purpose of labour market information portal is

* To provide information on Curren unemployment rates

*to provide information on job vacancies every month which includes advertisements regarding jobs based on skills, region.

*To provide information on active jobs

*Future projections of employment as to what job is in demand right now and what job will have more demand in the upcoming days.

* It helps the job seekers as to how to prepare for the job like what kind of training to undergo or what to study.

* It helps to find out the trends of employment in particular region

* To understand what the industry or employers are looking for and what are their expectations.

* to provide information on Workforce shortage in a particular state or region or at national level.

Two examples for information included in Labour market information Portal that helps in workforce planning.

* It contains information on employers recruitment insights. This information includes the information collected from the employers as to what they are looking for, what are their expectations from job seekers which is a part of workforce planning. This helps the job seekers to prepare themselves for that specific job and increase the skills, knowledge, confidence that is required and meet their expectation. This is how it helps in the workforce planning.

* it contains information on employment projection. This includes what are the skills that may be required or expected by the industry in the next five years which helps the job seekers to prepare for it well in advance and thereby help employers in workforce planning for the near future.