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Modern labor market segmentation theory arose in the early 1960s. It changed the view of many economists who had seen the labor market as a market of individuals with different characteristics of e.g., education and motivation. This perspective was intended to help explain the demand-side of the market, and the nature and strategy of employers.
The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. [1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn ...
In 1978, the Nigeria Labour Congress was established, with the 42 industrial unions affiliated. It was to be the only legal trade union federation. [ 2 ] Its leadership included many of the leading figures from its four predecessors, with Wahab Goodluck becoming its founding president.
The need for specialization in the labor market is arguably greater than ever. ... and bring more immediate relief to a tight labor market. ... close to two in five of workers aged between 55-67 ...
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
In 1978, trade unions in Nigeria were restructured into 42 industrial unions, and 19 unions representing senior staff. The Nigeria Labour Congress was established to represent the industrial unions. The senior staff unions attempt to found the Federation of Senior Staff Associations of Nigeria, but the government refused to recognise the body.
The rise in workplace activism comes at a time when approval of labor unions is trending upwards, and the surplus of available jobs is giving leverage to workers who have been deemed “essential ...
External numerical flexibility is the adjustment of the labour intake, or the number of workers from the external market. This can be achieved by employing workers on temporary work or fixed-term contracts or through relaxed hiring and firing regulations or in other words relaxation of employment protection legislation, where employers can hire and fire permanent employees according to the ...