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Labour Market
AT-BSSS, Bhopal
Meaning and Definition
 The term has defined differently by several
authors, but in all definition they called labour
mar...
Discription of Labour Market
 A labour market in an economy functions with
demand and supply of labour. In this market,
l...
Silent features of labour market
 Relationships
 Terms and conditions
 Local character
 Low rate of mobility
 Imperfe...
Profile of indian labour
 Most of the labours are from rural
background.
 They desired high job security.
 They do not ...
Types of labour market
 We can categorized labour market on the
basis of their nature and characteristics in to
two broad...
Organized labour market
 Indian economic system has been based on
the mixed economic pattern.
 The public sector plays a...
Organized labour market cont…
 Organized labour market consist of public
employment exchange.
 Organized labour market a...
Unorganized labour market
 In unorganized labour market, organisations
normally do not design the job or plan for man
pow...
Charecteristics of labour in
unorganised sector
 Casual nature of employment
 Contract labours
 Superior streanth of em...
Open session…....
AT-BSSS, Bhopal
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Labour market in india

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Labour market in india

  1. 1. Labour Market AT-BSSS, Bhopal
  2. 2. Meaning and Definition  The term has defined differently by several authors, but in all definition they called labour market a place where labour services are exchaned for wages.  A labour market is the place where workers and employers interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job.  According to Bhagoliwal “ a process by which supplies of particular type of labour and demand of that type of labour balance or seek to obtain a balance” AT-BSSS, Bhopal
  3. 3. Discription of Labour Market  A labour market in an economy functions with demand and supply of labour. In this market, labour demand is the firm's demand for labour and supply is the worker's for supply of labour. The supply and demand of labour in the market is influenced by changes in the bargaining power.  The nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. Labour markets may be local or national (even international) in their scope and are made up of smaller, interacting labour markets for different qualifications, skills, and geographical locations. They depend on exchange of information between employers and job seekers about wage rates, conditions ofAT-BSSS, Bhopal
  4. 4. Silent features of labour market  Relationships  Terms and conditions  Local character  Low rate of mobility  Imperfect market  Wage differential  Unemployment  Casual labour  Poverty AT-BSSS, Bhopal
  5. 5. Profile of indian labour  Most of the labours are from rural background.  They desired high job security.  They do not like to participate in union activities.  Indian industries has been hired workers with high educational qualification compared to minimum qualification of the job.  The attitude of Indian worker towards organization does not seem to be influenced much by the work they do as by the wages they earn or their seniority in the organization. AT-BSSS, Bhopal
  6. 6. Types of labour market  We can categorized labour market on the basis of their nature and characteristics in to two broad categories, as they are-  Organised labour market  Unorganised labour market AT-BSSS, Bhopal
  7. 7. Organized labour market  Indian economic system has been based on the mixed economic pattern.  The public sector plays a dominant role.  Government issued different policies for technology and industry, time to time.  The objective of these policies was job creation.  Thus, employment generation was the main objective of government in both public and private sector. AT-BSSS, Bhopal
  8. 8. Organized labour market cont…  Organized labour market consist of public employment exchange.  Organized labour market are abstract in nature.  Organized labour market are standardized.  Organizations of this type of market, train and develop their employees by their own effort. AT-BSSS, Bhopal
  9. 9. Unorganized labour market  In unorganized labour market, organisations normally do not design the job or plan for man power.  Demand for and supply of labour is mostly balanced through casual or contract labour.  They do not have trade union.  There is no predefine wage for a particular type of labour, it is a matter of bargaining.  Labours are usually experienced instead of qualified. AT-BSSS, Bhopal
  10. 10. Charecteristics of labour in unorganised sector  Casual nature of employment  Contract labours  Superior streanth of employee  High level of mobility  Labour mostly employed in small, tiny or cottage industries AT-BSSS, Bhopal
  11. 11. Open session….... AT-BSSS, Bhopal Thank you.

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