Exercise 3

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School

Universal Business School Sydney *

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Course

311

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by Musika

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Part 3 (3) Objective: To provide you with an opportunity to identify future labour needs , skill requirements and options for sourcing labour supply . Requirement: What are the key questions you need to consider when assessing the organisation’s future labour needs? In order to evaluate the future labor conditions, the organization should respect the below-mentioned details : The current technology on which the organization is working Skills of the contemporary labors Future improvements in technology Future works to be acquired by the labors Future innovation and increase which would take place in the business What are the possible sources of labour supply? Labor supply begins from the market, which can be a domestic or global market. Primarily the labor is sourced from the local market based on the skills and expertise needed to perform a certain job.
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