Factors that influence the labour market outcomes Factors influencing the labour market outcomes are broad and their powers and influence are, in some cases, concurrent. This means they can be considered to influence more than one particular sector and their influences over lap with the influences of another sector. The most obvious and prominent are the influences of global and national political & economical factors, which are indirect influences. Where as Government legislation and intervention, discrimination in the workplace, and employee & employer Unions are all types of direct influences. Indirect influences are those that contribute to the labour market as well as other factors. On a global scale, factors that affect the international economy, such as global currency, will eventually affect a particular nation that is financially strained.
Through a political point of view International conflicts or decisions could ultimately have an effect on other nations, for example, the well known attacks on September 11 and a war could have a negative impact on the labour market. National factors are the best example of concurrent influences. Government legislations could be passed for a particular issue, but coherently affects the labour market, for example, price floors and ceilings. Although the Government can also be considered to be a direct influence by making or passing a specific legislation with direct comprehension of the labour market effects.
The Research paper on Labour Market Context
... factors in shaping the contemporary UK labour market is the accelerated process of globalisation evident over the last three decades. The growth of global ... 29:7 in 2020 (Madouros, 2006). A further influence on labour market composition is the long-term trend of ... ‘rocking the boat’. Where particular groups are disproportionately affected by unemployment for reasons unconnected to their capabilities ...
For example, the intervention of the law through things like Federal Awards, Enterprise Agreements and even the basic contract is bonded by specific legal standards. These legislations are implemented to cease and prevent cases of discrimination, unequal pay or sexual harassment in the workplace. In such cases, it is sometimes difficult for the employee, who is subject to this unfairness, to confront their supervisors or boss, or sometimes even the Government. This may be due to a feeling of intimidation, or the lack of knowledge of the legal system and rights.
This is why it is important to have unions. Unions are organizations that help employees achieve advances in particular areas of work such as occupational health, pay equity, sex discrimination and sexual harassment in the workplace. They are organised be employees and they represent workers when dealing with employers and the Government. Discrimination against women is one of the most prominent and evolving issues of the world. The role of women in the workforce has changed dramatically over the years and women have come a long way since then.
But discrimination is still dominant in the workforce and unions and associations have been established to support and equip women with all the knowledge that is needed. One of these brilliant organizations is the Equal Opportunity for Women in the Workforce Agency.
