In most countries, recent years have been ones in which unemployment
levels have been low by historic standards. Critically discuss why this situation
has evolved. How is it affecting the management of people in your organisation (British Airways)?
Use most up to date picture on labour market –
using ONS, Labour market quarterly surveys or data from your own country. Look
at current employment market trends such as low unemployment, decline in entry
level jobs making it more difficult for young people to enter job market,
increase in requirement for highly skilled workers, people who have left
workforce but not included in government unemployment figures.
You need to answer the first and second parts of
the question. How has this situation evolved? You may want to relate this to
your own context such as the increasing use of technology, Brexit, rising
inflation, war. What are the main drivers of skills shortages in your
organisation or one you are familiar with.
Analyse how an organisation will react when a
labour market is tight. What happens to wages and working conditions, for
instance. How does this affect staff? What are the issues that managers may
have to deal with because of these changes? Use industry examples that reflect
most current picture. E.g., removal of pension cap to encourage doctors/
skilled workers back to work who already have large pension pots, for instance.
Choose two strategies and justify their use such as
hybrid working, reward strategies, internal labour market, links with colleges,
universities and schools, innovative recruitment strategies, retention
strategies etc.