When we discuss labour market constraints,what are we specifically referring to?
A) union constraints on labour allocation
B) availability of employees versus demand
C) cost-of-living constraints on pay demands
D) managerial strategy in recruitment methods

Question

Quizplus · Accepted Answer

Labour market constraints refer to the limitations or challenges faced by employers in hiring and retaining employees, which can arise due to factors such as a shortage of qualified workers, high competition for skilled labour, or a mismatch between the skills of job seekers and the demands of employers. Option A refers to constraints imposed by labour unions, which may affect negotiations and working conditions but do not directly relate to the availability of employees. Option C may be a factor in determining pay levels, but it does not relate directly to limitations in the labour market. Option D is more of a management decision that would have an impact on recruitment methods but not on the constraints in the labour market.

When We Discuss Labour Market Constraints,what Are We Specifically Referring