Question

2) What are four trends (or attributes) in the Canadian labour market that have implications for a human resource manager? Explain your answer citing which of the HR functions will be affected and how.

Answer 1

Labor market defines the demand and supply of the workers in a particular country. The Canadian labor market has depicted the trends in the labor market. The first arguments that the researchers state that there will be an increase in the wage rate. Labour will demand more wages to work in a particular company. The HR manager will have to check all the candidates' skills and abilities before the selection process. The wages are the basic requirements of the labor market, and it also affects the demand and supply of the employees. The second trend is that there will be an uneven regional growth in the country. The employment rate will increase in a few areas and will also show a decline in the employment rate of a few areas. There might be a regional growth in the country. It will also create discrimination in the country. The HR manager should tend to increase the employment rate in his/ her area for better efficiency and selection. The third factor is flexibility in the labor market, as the demand and supply forces are not stringent. The labor market shows a gradual increase and decrease in the candidates' supply and demand, as the HR manager should keep a check on the changes in the supply and demand of the employees. The last trend is the new unemployment rate. The country has observed an increase in the unemployment rate in recent years. The company's HR manager should take the responsibility to provide employment opportunities to the unemployed candidates.

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