Bank management report Essay Example | Topics and Well Written Essays - 2500 words

Bank management report - Essay utilisationThis requires a combined effort on the leave-taking of the organization as well as the exclusive employee to ensure a fit with the job responsibilities and work profile with the career goals of an individual. The present study would cotton up the aspect of occupational analysis to ensure job fit and organizational excellence. Analysis of Occupation cable organizations need to include aspects of savvy demand and supply in addition to determining price and siding if they want to maintain sustainability of their businesses in the prevailing competitive business environment. The labour demand curve which highlights the fringy productivity of labour as a unvaried function of the labour quantity is more often than not dictated by the price of output and assortments in technology. The supply of labour is largely based on the expound that humans largely tend to make a trade off between untenanted and work. They largely assume that work is not enjoyable and work is not enjoyable. However they also realise that leisure normally requires a cost for the individuals. It is widely assumed that an hour of leisure requires a person to make an hour of wage (University at Albany, 2008, p.1). Figure 1 Labour Demand and Supply Curve (Source Cuthbertson & Gripaio, 1993, p.7) The general anatomy above shows a typical labour demand and supply curve in a thoroughgoing(a) economic scenario. However the equilibrium between demand and supply can be throwed due to change in the individuals perception towards work. For example previously women were largely discouraged from working which lessen the total supply of labour however with changing times women have become an integral part of the labour force causing the number of workers to increase thereby causing a shift in the supply curve. Alternative work opportunity including immigration also play a role in the shifting of the equilibrium between labour demand and supply as attrac tive markets outside space would cause a shift in the supply curve to the left (University at Albany, 2008, p.1-2). Human uppercase Human capital or the labour force is largely affected by the aspect of recompense. The peripheral theory of productivity states that under purely competitive market conditions the wage rate is largely constant and hence a firm has the opportunity to decide on the total number of workers to be hire thus determining the market demand for labour on their own. The element of additional or marginal worker largely helps in determining marginal productivity (Chakravarty, 2009, p.600). Employees also have a appetite to go in for higher studies or look for alternative work options. In both these cases the labour supply reduces and the equilibrium wage price gets increased owning to greater propensity and increased marginal wages of the employees in lieu of their higher education or attractive wages in other organizations. higher(prenominal) education optio ns among the workers would largely tend to shift the labour demand curve to the rightward direction ensuring a shift in the equilibrium point between labour demand and supply (Hubbard & OBrien, 2008, p.504). Labour Migration In a market characterised by elements of perfect market competition labour