Labour market

Description

The trends, functioning, and fluctuations of the labour market, career options, wages, unions, working population and the supply and demand of certain professions in a sector.

Alternative labels

job market
employment market
labour markets

Skill type

knowledge

Skill reusability level

cross-sector

Relationships with occupations

Essential knowledge

Labour market is an essential knowledge of the following occupations:

Career guidance advisor: Career guidance advisors provide guidance and advice to adults and students on making educational, training and occupational choices and assist people in managing their careers, through career planning and career exploration. They help identify options for future careers, assist beneficiaries in the development of their curriculum and help people reflect on their ambitions, interests and qualifications. Career guidance advisors may provide advice on various career planning issues and make suggestions for lifelong learning if necessary, including study recommendations. They may also assist the individual in the search for a job.
Labour market policy officer: Labour market policy officers research, analyse and develop labour market policies. They implement policies ranging from financial policies to practical policies such as improving job searching mechanisms, promoting job training, giving incentives to start-ups and income support. Labour market policy officers work closely with partners, external organisations or other stakeholders and provide them with regular updates.

Optional knowledge

Labour market is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Academic advisor: Academic advisors assist students, at post-secondary level, in recognising and achieving their educational goals. They advise students on their schedule selection of school programmes, communicate to them degree requirements, and assist them in career planning. Academic advisors also discuss the student’s academic performance and its implications and make suggestions for improvement including study advice. They also work closely with other university administrators and professors and ensure they are up to date on university or college regulation, program, or requirement changes.

 


 

References

  1. Labour market – ESCO

 

Last updated on September 20, 2022

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