The assignment shows the structure of labour market as seen in Walmart. It displays the difference between the external and internal market arrangements (Abha., Vijai. & Prakash., 2010). The internal market is characterized by a firm or a part of the firm. Entry into this part of the market is restricted to particular occupation or profession. The value of labor and its allocation is from entry prospect is governed by some laws which distinguishes the internal labour market from the external ('Human Resource Management', 2014). Having given the basic distinction, the internal labor market focuses on the white-collar jobs and the external labor market focuses on the blue collar jobs. The following diagram shows the four-quadrant model:
The four quadrant model focuses on four aspects of the labor market (Lazear & Oyer, 2003). Taking Walmart as an example the following can be well put in the four quadrants:
Abha., Vijai., & Prakash.,. (2010). Manpower planning and development. Jaipur: ABD Publishers.
Human Resource Management. (2014). Human Resource Management, 53(6), no-no. doi:10.1002/hrm.21696
Lazear, E., & Oyer, P. (2003). Internal and external labor markets. Cambridge, Mass.: National Bureau of Economic Research.
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