StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - principles of Human Resource Management

Only on StudentShare
Pages 7 (1757 words)
Introduction: The aim of the paper is to explore the current UK labor market in the construction industry and categorize its various properties, issues challenges and the road ahead from this point in time of the economy. The paper will also state and analyze the current trends of the labor in the industry quoting statistics data and the recent news…

Extract of sample

The current labor market in the UK has grown steadily in accordance with the employment rate and the number of people employed from the years of 1995 to 2008 according to the Labor force survey published in the Blue book 2008. The office of National Statistics 2008 reports, "Employment tends to react to changes in out put with a lag because of the costs of hiring and firing workers. Therefore, it is not surprising that weaker output growth has not caused large falls in employment. Moreover, in the first instance, employers can vary labor input through the number of hours worked, rather than laying off workers." The construction industry today in the United Kingdom consists of over 250 000 firms employing over 2.1 million people. This huge work force is spread over a multitude of namely construction materials and products suppliers and producers, contractors, sub- contractors, professionals, advisors and construction clients. The United Kingdom construction output contributes 8.2% to the GVA (Gross Value Added) of the EU nations, which is the second largest.
Below is the trend in the UK labor market represented in a graph. The graph, derived from figures published in the Blue Book 2008 reveal the labor employed in thousands across industries from the Year 1999 until 2007. It is a depiction of the Labor force trend in the UK.
The graph showing an upward tren ...
Download paper
Not exactly what you need?

Related papers

Modern Human Resource Management
The impact on Training of the knowledge based economy thus requires the need for instilling the culture of effective Knowledge management into the learning and education as a whole. According to (Psarras 2006) "Knowledge management is the process of critically managing knowledge to meet existing needs, to identify and exploit existing and acquired knowledge assets and to develop new opportunities"…
4 pages (1004 words)
Human resource management: effective management
But the main characteristic of HR is the individual and separate recognition of each worker and his varying desires, needs and ambitions, and various dimensions of his life.…
8 pages (2008 words)
Human Resource Management: technology
Others include advances in manufacturing, information technologies, which speed up communication and lower costs, and greater political and social freedom. Manager, consultants and academics are initiators of NFO; however, through effective implementation, managers are facilitators (Ricart, Sieber, Svejenova 1999).…
10 pages (2510 words)
Trends and Challenges in Human Resource Management
Owing to rapid technological advancements, the demand for well trained employees is high. Organizations are now looking to impart necessary skills to their workers using all kinds of innovative strategies and training resources. With respect to this trend, Rothwell, Hohne, & King (2000), state HR practitioners, " must be ready to manage, design, develop or select, and use learning technologies…
3 pages (753 words)
Strategic Human Resource Management (SHRM)
This paper will examine various functions of human resource management in relations to APS business objectives and evaluate the human resource management aspects of the company.…
15 pages (3765 words)