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Assignment on Labour Market Trends

   

Added on  2020-06-06

8 Pages2474 Words173 Views
Mechanical Engineering
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Labour market trends
Assignment on Labour Market Trends_1

Table of ContentsINTRODUCTION................................................................................................................................3TASK 1 : Analysis, statistics and factors affected the Aviation industry..............................................3TASK 2 : Factors affecting the Qantas airlines....................................................................................4TASK 3 : INVESTIGATION INTERVIEW ........................................................................................5CONCLUSION ...................................................................................................................................6
Assignment on Labour Market Trends_2

INTRODUCTIONIn this assignment the labour market, statistics and information within theaviation industry have been described in brief. The availability of the labour oremployment in the market is referred as the labour market which is known by everyindividual. The changes in the labour market trends and changes affects each andevery industry and organisations under them. The Qantas airways have beenconsidered within this assignment to identify the impact of current labour market onthe aviation industry. Furthermore, an investigation interview has been included inthe report to analyse the changes in the labour market and the current trends regardsto the same(Wilkinson,2013).TASK 1 : Analysis, statistics and factors affected the Aviation industry.The Labour market has been developing day by day, the availability of the human resourcesand labour within a market. The Aviation industry needs a string and large workforce in order toperform the various operations and activities of the organisation. This labour market has beenevolving since years and developing rapidly. The employment in the market has been increasing inthe present scenario.(Atkinson and Storey,2016).Labour market analysis Average yearly rate of the unemployment level has been increased by 1% in march 2010compared to the rate of about 6% in 2009. In the starting quarter of the year 2009 and 2010employment narrowed by around 25000 persons. Transportation, Communication and storage sectortranscribed as the second most job losses which was around 6000 persons. There as a growth withinthe labour unit in the starting three months of 2009 but the within the next two quarters the rate oflabour force decreased by 9% and 4%. Again in the year 2010 and labour level increased by 14% atthe starting butdecreased slightly by 3%. Normally, the Communication, storage and Transportindustries are highly affected even with a slight change in the market. The Aviation industry alsogets highly affected due to various changes in the market trends and labour availability. The Labourforce is very important for each organisation to increase its productivity and performance that leadsto profitability. The Aviation industry has been focusing on the development of the economy sinceyears. Therefore, they are investing a lot on the human resources that can assist them to performeffectively and achieve the business goals and objectives(Bonoli, 2017).Illustration 1: Statistics for Labour market
Assignment on Labour Market Trends_3

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