Lesson 4 5global Labor Market

Definition
Global Labor Market

 What is a global labor market? First, we should define the meaning of a labor
market. A labor market is the relationship of communication between the
suppliers and the demanders so that they are able to do business together. The
global aspect of the labor market refers to the world and all that contribute
within this measure, also known as globalization.
 Globalization is the process of integrating regions through societies, political
systems, economies, and culture to share ideas between the countries. What is
better than that? You can learn and use ideas and customs from other countries
GLOBAL and this process profits all that take part in it. Culturally, this is beneficial
because we are learning from other countries and bridging the gap between
LABOR countries. All around, globalization is a positive action because we can learn
from each other and better our countries with other ideas and in turn work for
MARKET the good of the whole world.

 On the contrary, some believe that globalization only creates clash within a
province. With jobs being scarce in more developed countries because of the
crisis, jobs being filled by immigrants could have a negative effect on the people
of a country and with most immigrants moving to a region with a higher labor
market and better chance of earning a better wage for their families, in turn
these countries are homes for most of the migrants in the world.
 Potentially, it could give people the impression that immigrants are a negative
thing. Some think that too much globalizing could give corporations too much
power in the long run because they would be trusted with too much.
Legislation -the preparing and enacting of lawsby
local, state, or national legislatures. In
Legislations other contexts it is sometimes used to apply to
and municipal ordinances and to the rules and
regulations regulations of administrative agencies passed in
the exercise of delegated legislative functions.
that impact on
the TVET
sector Regulation -are rules made by a government or
other authority in order to control the way
something is done or the way people behave.
Legislations and regulations that impact on
the TVET sector
Legislations
and regulations
that impact on  https://lawphil.net/statutes/r
the TVET epacts/ra2014/ra_10647_201
4.html
sector in the  https://www.tesda.gov.ph/Up
loads/File/Legislative/Amend
Philippines. ed%20Implementing%20Rul
es%20and%20Regulations%
(Congress and 20of%20the%20Dual%20Trai
ning%20System%20Act%20
TESDA) of%201994%20(R.A.%20No.
%207686).pdf
 https://www.tesda.gov.ph/Up
loads/File/Legislative/Publish
ed%20IRR%20of%20RA%20
10815.pdf
 https://www.tesda.gov.ph/Up
loads/File/Legislative/Publish
Events and trends that have shaped
the global labor market over time
What do you
think about?
Manpower is
replaced by
Artificial
intelligence.
1. Shifting demographics, dynamic workforces
Demographic -statistical data relating to the population and
particular groups within it."the demographics of book buyers“
-labor shortages
-aging and declining birth
Four a. Talent workers
changes -A more intense search for talent is beginning, and we are already
seeing interesting people practices emerge. Aerospace companies,
shaping faced with graying workforces, have pioneered flexible working,
phased retirements, “encore careers,” and a slew of knowledge
the labor transfer programs to train the next generation. Companies that can’t
find the talent they need in one country use remote working to
market employ people elsewhere. Around the world, employers are
experimenting with new policies to better appeal to
underrepresented groups—women, young people, minorities, people
with disabilities, migrants, etc.
a. The new mindset
-most millennials expect to pursue multiple
2. The rise of careers and change directions a few times over
individual their working lives.
choice -the goal today is to be employable
-to develop the skills, experience and expertise
necessary to move on or up, regardless of your
employer.
-As a result of rapid technological change,
companies today face shorter business
3. The cycles and truly global competition. Few
technological industries are safe from disruption.
revolution Automation, facilitated by better artificial
intelligence, is poised to have a major
impact on jobs.
Sophisticated- developed to a high degree of
complexity.
4. Client a. HR is being more complex
sophistication 1. Employee engagement
and the dawn
2. Productivity
of data
3. performance
b. Data is one click
-transparent information
Challenges of Global
Labor Market
 The lack of access to the labor market can lead to long term
deterioration of skills and motivation
 For instance, up to 350,000 Somali refugees have resided in Kenya’s

Dadaab camps since 1990s, and none of them have the right to
1. Lack of work. In countries with high informality, asylum populations tend to
be willing to accept jobs with lower wages, longer working hours,
access to the and without social protection.
formal labor
market
 the lack of recognition of overseas qualifications is a significant
barrier to employment.
 Where assessment is lacking, refugees would accept any jobs,
regardless of the formal or informal sector, that can provide them
2. Lack of with a livelihood. In Canada, up to 65 and 54 per cent of refugee
women and men are overqualified for their jobs.
recognition
of skills and
education
-poverty can limit one’s access to basic services
-Poverty has detrimental impact on one’s access to housing and
basic services.
-In the UK, asylum seekers are not allowed to work for 12 months
upon entry. After receiving a positive decision, they are required to
leave their government-provided housing in a maximum of 28 days.
The majority of them cannot cover rent deposits and are unable to
3. Poverty access social welfare immediately.
 Surveys from UK and Australia revealed the lack of reference, local
experience, and formal social networks as major barriers to employment.
This resonates with evidence about social capital and ethnic enclaves,
namely in Denmark where 26 per cent of non-Western immigrants found
4. Lack their first job through contacts, in Switzerland where refugees from the
same nationality helping each other, in Uganda, Kenya, and South Africa
established where Somali refugees tend to find jobs in conational or Muslim
businesses. Asylum populations and immigrants from the same nationality,
work and religious background, or country of origin tend to help each other.
social
networks
 the employment rate among asylum women is lower than asylum men
 -associated with their lower education level,
 Low language fluency and literacy,
 and poorer access to formal networks (such as religious groups and
5. Women and employment).

 Such disadvantages left them lacking information on how and where to
girls are the access basic services. Furthermore, women and girls are particularly
vulnerable to sexual and physical attacks as recorded
most in Bangladesh and Ethiopia.
vulnerable
 While the knowledge of host country language tends to increase over
time, the higher the language proficiency and education level are
associated with significant employment gains. In a six-months internship
programme for refugees at IKEA Switzerland, tandem programmes and
online courses were proposed as solution to improve the language
proficiency of employees. SAP SE, another software company which
offers internship programmes for refugees pointed out that interns may
6. not raise questions on technical issues due to language barriers.
Therefore, the company developed a multi-lingual educational software
Language and to address gaps in language and skills.
vocational
skills training
Top market trends
that will lead in the
future
-is the buying and selling of
1. E-commerce good or services via the
internet, and the transfer of
money and data to complete the
sales. It's also known
as electronic commerce or
internet commerce.
2. Entertainment
in the Company
 The rise of emotic company
 Ex. Mental health related markets
 Ethics in companies
 Halo- an app as an example of emotic market
2. Emotic
company
4. Digital
channels
 Ex. Tomorrowland- a digital channel performance.

5. Local
comeback-
 local products will have a chance to showcase their products by

the help of e-commerce.
6. Online word
of mouth
 Ex. Online seminars

Online gathering
Peloton- a mobile platform for gym online, you can work-out
while having an online host or train0r.
7. Zero effort
to zero
thinking
 Zero effort
Example. Mcdonalds interface
X onyx- online work out tracker
 Zero Thinking
-The market will leave the decision making part to the consumers.
-Ex. Hotel with room packages offers.
Cannabis Industry Package and Shipping Industry
Eco-friendly products food service industry

Social Media health industry
Others:
Gadget Industry transportation

Toy Industry Video Games
Content Making Lab-grown food

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Definition

Global Labor Market

MARKET the good of the whole world.

 For instance, up to 350,000 Somali refugees have resided in Kenya’s

5. Women and employment).

 Ex. Tomorrowland- a digital channel performance.

 local products will have a chance to showcase their products by

 Ex. Online seminars

Eco-friendly products food service industry

Gadget Industry transportation

Content Making Lab-grown food

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