Very difficult nowadays to find work, but many job advertisements are available either online at job sites or offline at a newspaper ad. Still, the amount of labor demand is always less than the amount of labor supply. Also there is such thing as the labor market. In this article will discuss about the labor market.
The labor market is a market place of meeting labor demand and labor supply (job seekers). Labor demand from government agencies, private companies, state enterprises, local enterprises, cooperatives, and foreign private companies. The labor market can be organized by the government or by private institutions under the supervision of the department of labor, it is intended to protect the interests of job seekers as well as the interests of institutions or companies.
The function of the labor market, among others:
a. Provide information and provide manpower requirements as needed by both the government and by private businesses.
b. Assist government programs in order to channel labor to get the job.
c. Provide information to job seekers about the job.
d. As the container to accommodate the labor and deliver in accordance with the skills and qualifications required by the job market.
Labor market benefits include:
a. Helping people who currently does not have a job to be distributed according to their talents and expertise.
b. Assist government in addressing the problem of unemployment.
c. Make it easy for enterprises to obtain suitably qualified manpower required.
d. Can reduce or eliminate the practice of workforce intermediaries adverse job-seekers.