Labor demand and supply investigation on current skill gaps

Labor demand and supply investigation on current skill gaps

This is an assignment that discusses the labor supply investigation on current skill gaps. The paper also discusses the turnover and the management of labor gaps.

The labor supply investigation on current skill gaps

This discussion includes 3 topics: 2:1, 2:2, and 2:3. This discussion requires a minimum of 6 total posts – an initial response to each topic and a minimum of 3 follow-up responses. Follow up responses can be to one topic,

Provide a separate response for each topic – do not group them into one response.

2:1 Identify and discuss on the Labor Supply Investigate Current Skill Gaps as the first section of the assignment. Below are the questions that are to consider for this topic
Address the following questions:
1.     Firstly, conduct research and identify labor supply and demand in the local area for your chosen career path. Text book resources, BLS job forecast, onet, competition for jobs, Texas workforce tracer, economic development corporation, local post-secondary institutions.
2.     Secondly, tell us what are the gaps or surpluses between labor supply and labor demand for your chosen career path.
3.     Lastly, where did you get this information?

2:2 Identify and discuss on the Managing Labor Gaps that are available in the market. Below are the questions to consider in this section or topic
Address the following questions:
1.     How would you retain existing employees?
2.     Then, how would you ensure transfer of knowledge to the new hires?

2:3 Lastly, discuss the Turnover topic as the third section of this assignment. Below are some of the questions that you are to focus on:
1.     Firstly, what factors would make you most likely to quit your current job or most recent previous job?
2.     Secondly, what are your top three priorities in considering accepting a new job?
3.     Thirdly, given the answers to the two previous questions, what could an organization do to retain you?