Labour Economics and British Airways Essay

Submitted By Rina16
Words: 2452
Pages: 10

Contents page

Introduction Page 1 Labour Market definition: Page 1 Labour market patterns Page 1 Trends in the Graduate market Page 1-2 Prediction for Graduates in 2013 Page 2
Economic Page 2 Socio-cultural Page 2 Technological Page 3 Ethical Page 3 The role of HR professionals Page 3 Gender balance in human resources Page 3-4 Skills you need in HR Page 4 Entry requirements and type of person suited for British Airways Page 4 Future prospects and training at British Airways Page 4 Professionalism Page 4 Competences Page 5 Reflection Page 6


This report looks at trends that are currently going on with employment and employment of graduates. A PEST analysis of external factors that are effective HR professionals. professional standards and how they should act within the professional work environment. A reflection of how these factors affect employment with graduates and a personal evaluation.
Labour market patterns
The level of decreased staff has risen from +5 to +7 and the private sectors growth has fallen to +18 from +28. The Public sector has improved from-36 to -17. The figures show that the slowing of public job loses in mid 2012 it is likely to continue to the end of 2012. Employment prospects remain weak in the public sector and especially in local and central government. The summer report results suggest that there is a strong growth in temporary and part-time employment and is likely to drive stay steady until the end of 2012, (CIPD 2012)
Trends in the Graduate market
Around about 5,200 graduates sought employment abroad last year. Figures show that the 1,000 more gradates employed abroad since the economic crisis. The home office reports that at least half of all British graduates who have emigrate each year are professional and company managers. The home office says that this trend is threatening the supply of highly skilled workers. The figures show that this trend has been on going for the last 20 years, (Graeme Paton, 2012).
Results show that graduate unemployment levels are on the rise. More University leavers are going on into part time-employment this has increased form 7% in 2003 to 11% in 2010. There are students who find full-time employment after graduating. The factor of why these graduates have found full- time employment is because graduate employment levels are different across the country. This also reflects the various jobs available in different regions. In London results show that there are a lower proportion of graduates in full- time employment. This is because there are many different areas of London attracting graduates from all over the country, plus there is a higher amount of skilled professionals and competition is fierce. But because England is made up of different local economies this will helps these areas to attract gradates. Graduates employed in these areas of the country will be beneficial their local economy, (Local Government Association Media Office, 2012).
Prediction for Graduates in 2013
The Association of Graduate Recruiters says that graduate vacancies are set to rise by 9% this year. The predictions are that gradates employment per employer are said to go up from 98% in 2012 to 109% this year. These results were based on 200 companies that employed around 20,000 gradates last year. The report is very optimist about gradate recruitment for this year but also for gradates that will be leaving in a few years to come, (Michelle Stevens, 2013).
PEST:- Factors effecting HR externally
Economic- The market uncertainty rising out of the