Factors that affect labour force in a business

[Mastergp]

Well labour In effect is seen as all human effort of any kind, either skilled or unskilled, mental or manual, directed towards the production of goods and services. And also the is also the labour market which is also seen as a market in which buyers and sellers of labour are in close contact during which the wages and other conditions of services are determined and agreed upon. Labour is the factor of production which is usually bought and also sold in the market.

And the are factors that affect the size of labour force the include :

The retirement age:
The age of exit in public employment will determine the labour force. The older the age the more the supply of labour would be.

Role of women in the society :
In some societies, women are usually prevented from engaging in gainful employment because of religious belief, social and cultural factors and this affects the size of labour force.

The number of disabled :
When the number of disabled persons is high especially within the working population, the supply for labour will be low.

The number o people unwilling to work:
There are certain numbers of able bodied people who are also between the age bracket of 18 and 65 years but are unwilling to work. If their population is high it will affect the size of supply of labour.

 

[eldavis]

These are indeed good factors that affects the labour market but what we also fail to realize or take note of is that in most cases, the amount of wages also affects the labour force. People are unwilling to work not cause they do not want to or they have no interest or zeal to work, they are unwilling to work cause they pay is not enough to Carter for themselves and their family. Recently my boss has been looking for workers that would help him. At first he started looking for secretary but four different girls have come to apply for the role, all of 5hrm turned it down due to the fact that the pay is no attractive.