Transcript Market, Labour Market

Market, Labour Market
Szabó Rozália
Market, Labour Market Outline
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The Market
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What is it?
Supply and Demand
Market Structures
Types of Market
The Labour Market
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Recruitment
Selection
Documents (CV, Covering letter)
The Market
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What is it?
1 It is the place where supply and demand
meet.
2 It is the system of exchanges based on
supply and demand.
Supply and Demand
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Supply:
the amount of goods and services
available to use or buy.
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Demand:
the amount of goods and services wanted
by customers.
Supply and Demand (con.)
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The relationship between supply and
demand influences prices.
Market price: the point where the
supply and the demand curve meet.
Supply and Demand
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The basic rules of market mechanism:
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If demand exceeds supply, the price
increases.
If supply exceeds demand, the supplier
decreases the prices to encourage
customers to buy more.
The price and quantity are inversely
related.
Supply and Demand
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Equilibrium
Over-supply
Over-demand
Market Structures
Based on the number of sellers:
 Oligopoly: the market is dominated by a
few large suppliers.
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Monopoly: the market is dominated by
only one supplier.
Types of Market
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Real estate market
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Capital and money market
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Long- and short-term funds, investments
Commodity market
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Plots with or without buildings
Consumer durables and fast-moving
consumer goods (FMCG)
Labour or job market
The Labour or Job Market
Human resources are in the centre of
supply and demand.
 Vacancy→Recruitment
 Recruitment:
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In-company
Outside the company
The Labour Market (cont.)
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In-company recruitment
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notice boards
news bulletins
recommendations from managers,
supervisors
The Labour Market (cont.)
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Recruitment outside the company:
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Placing advertisements in newspapers or
magazines
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Recruitment agencies
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Job description, specification
Conditions of work and salary
Providing a list of suitable candidates
Executive search firms /headhunters
The Labour Market
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Application of candidates for the position:
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CV + covering letter
Standard application form
Selection (HR or Personnel Department)
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Assessment
Short-listing
Job interviews – conducted by the interviewing
panel
The Labour Market
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Documents to be submitted:
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CV /Resumé
Covering letter/Letter of Application
The Labour Market
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Parts of a Curriculum Vitae:
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Personal particulars (name, address, date of birth,
tel. no., e-mail address)
Education
Qualifications
Work experience
Skills
Interests
References
The Labour Market
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Parts of a Covering Letter:
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Purpose of writing, introduction
Where you saw the ad
Why you want the job
Emphasising your most relevant experience and
skills
How you meet the requirements, why you can be
one of the best candidates
When you are available for an interview.
Covering Letters
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I am interested in working as a ….
I wish to apply for the job of a …. advertised in
…..
I think I could satisfactorily fill the post you
advertised in….
I am said to have excellent interpersonal skills.
I would be delighted to have an opportunity to
work for your company.
My reasons for a change are the greater
opportunities offered by this position.
Covering Letters
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As you can see from my Curriculum Vitae…
I have had …years of experience of…..
At present I am employed as …..
My qualifications seem to fit me for this position.
I left school with very good grades in…..
I took a …-year course at …..
I obtained a certificate of intermediate level
English in…
I graduated from …university.
Covering Letters
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The persons below may be contacted as a
reference.
I would appreciate the privilege of a personal
interview.
Please find enclosed a copy of my resumé.
I will be available for an interview any day
after….
I may be reached/contacted at the above
address.
Covering Letters
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Thank you very much for your time and
consideration.
I would appreciate an early reply from you
concerning my application.
Thank you for your attention.