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Labour Demand and Supply

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This assessment is largely an exercise in applying “theory” (labour demand and supply influences) to “reality” (the needs of employers in the industry). You are require to analyse the external labour market, economic, social and public policy factors that are likely to have an impact on the demand for and supply of labour for organisations within your chosen industry (or industry sector), and make evidence-based recommendations as to how these organisations can respond to such external factors. Some issues you need to consider are: Defining your industry: Irrespective of either a broad or narrow definition of your chosen industry, there needs to be more than one employer. The Australian Bureau of Statistics uses the Australian and New Zealand Standard Industrial Classification (ANZSIC) to identify industries and industry sectors (Cat. no. 1292.0: see URL http://www.abs.gov.au/ausstats/[email protected]/0/EEEBBA8478AF7657CA25711F00146D6A?opendocument). Generally organisations that carry out related productive activities are grouped together to identify an “industry” (Divisions A to S) and specialist business units engaged in similar productive activities are grouped together to identify “industry sectors”. If you choose a wide industry definition you will have an increased number of occupations and/or professions to contemplate. The more narrow your industry definition the fewer occupations and/or professions to discuss, which should add to the depth and quality of your Report. You need to justify to the reader your definition of the industry selected. Industry background and status: Overviewing your selected industry allows for an understanding of labour demand factors. Is the industry expanding? If yes, this might indicate growth in the demand for labour. If the industry is contracting, this might indicate a fall in the demand for labour. Type of labour demanded: Understanding the occupations and/or professions employers in the industry need allows you to identify the skills demanded. The hours of operation of employers also influences the demand for labour (full-time, part-time, casual etc). See the Australian Department of Employment’s “Labour Market Information Portal” for some useful data on these issues URL: http://lmip.gov.au/default.aspx?LMIP Supply of labour: Understanding the sources of labour for the industry should generate discussion how the demand for labour might be satisfied. Here the demographic profiles of the workforce for the industry (e.g. skills, education and training requirements, gender, age, health, language, ethnicity and cultural diversity) should be discussed. Evidence-based recommendations: Any recommendations you make should reflect your discussion and analysis of labour demand and supply in the body of the Report. Introduction and Conclusion sections: Properly constructed, it should be possible to read just the introduction and conclusion of your Report to comprehend the key points of the discussion, the analysis, and reasons for your recommendations without having to read the full Report. These two sections should be revised after you have finalised the body of your Report, so that they both reflect your discussion and signpost (for the introduction) and summarise (for the conclusion) the more important issues canvassed in the body of the Report. Other matters: When drafting the Report, ask yourself the following questions: Is this section of my Report either information or analysis? Why does this section of my Report matter? Am I saying anything meaningful for employers in the industry? Have I used or discussed relevant examples to help justify my recommendations? It's a 2000 words report Choose any industry from the link given above and report is to be made on it. Minimum 8 references are req. Recommendation should be made and they must be relevant according to analysis ( Sample attached) One table is attached in document by name Newdoc 10 and it can be used as a graph for representation. This needs to be submitted at 15.2.17 at 8.3am Australia Time.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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