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What Factors Affect The Labor Market

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What Factors Affect The Labor Market
What Factors Affect the Labor Market?
Adrienne Rudy
ECON 210
Professor Kenneth Tirpack
February 14, 2015

As a professional recruiter, I would prefer a candidate with a college degree. Even if the degree obtained does not exactly align with the position I am looking to fill, a college degree can give me a lot of information about an applicant. One of the most important thing that a college degree tells me is that the person is a hard worker. It takes drive, hard work, and dedication to obtain a college degree. A college graduate is typically willing to learn new concepts and information, which is helpful in any field. In addition to these, a college graduate will also have a basic understanding of the position for which they applied. For a managerial position, a college graduate will have an understanding of business management, accounting, human resources, and economics. This is helpful when training a new employee and will help the applicant be successful in the position, which is beneficial to the company as a whole. In addition to checking resumes and interviewing applicants, there are many tools available that will give an employer insight into the personality and qualities that an applicant possesses. There are many types of surveys, assessments, and questionnaires that may measure areas such as skills, behaviors, motivations, and attitudes. One example is the Predictive Index, which indicates what type of person the applicant is and how they work with others. An Occupational Personality Questionnaire assesses 31 behavioral dimensions in managerial and professional staff. The Executive Achiever is a questionnaire that looks at intelligence, knowledge of leadership skills, and leadership personality traits. (Katharine Hansen, 2014) There are also general cognitive assessments that test the knowledge and understanding of certain subjects. There are a number of tools similar to these that look at different aspects and can be used depending on



References: Katharine Hansen, P. (2014). Handling Pre-Employment Screenings and Assessments. Retrieved from Quintessential Careers : http://www.quintcareers.com/pre-employment_assessments.html Williams, D. K. (2012, July 24). Top 10 List: The Greatest Living Business Leaders Today. Retrieved from Forbes: http://www.forbes.com/sites/davidkwilliams/2012/07/24/top-10-list-the-greatest-living-business-leaders-today/

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