What is the Labour Market?

A labour market is a place of interaction between employers and workers. Employers are on the lookout for hiring the best workers suitable to the employment opportunities offered, and workers look for quality employment opportunities. As a whole, the labour market functions on the laws of demand and supply of labour, further influenced by the dynamics of inflation, varying availability of technically-skilled workers, evolving technologies and the depth of their impact on human lives, etc.

Depending on the conditions of the demand and supply, labour market affects the human resource planning (HRP) within organizations, depending on current factors like education level, knowledge, skills, etc. Staffing decisions made by the HRM are affected by the pool of applying candidates whose decisions depend upon the wages offered, benefits and work conditions offered by the organization.

On the other hand, labour market also impacts HRP, as business growth increases the chances of landing jobs, thus decreasing unemployment. Continuous business growth may lead to reallocation of staff, thus creating specialised job vacancies and furthering employment prospects in the market.

document verification

Document Verification

Fully automated. No Human-in-the-loop.

Learn more
1 Platform 8 checks

1 Platform - 8 Checks

Innovative Platform For Employment Vetting

Learn More
Tier 2 Sponsor Mock Audit

Tier 2 Sponsor: Mock Audit

Immigration compliance and right to work checks

Learn More

Use Complygate to increase confidence in decision making.

Learn more


Check our blog for latest industry news and update about new releases.

Complygate is the best HR software for SMEs.

16 Apr 2021

21 Future HR Jobs

There has been a considerably great difference in the way we work, where we work, and most important the use of technologies to keep in touch with each other. This has had a prompt impact around the g

Read More
12 Apr 2021

Agile High Potential Employees (HIPO): The Future of Fashion

One trendy area for HR practitioners concerns the management of so-called ‘high potential employees’ or ‘HiPo’ or ‘HIPO’. Is this the future of fashion for Employee Resourcing?

Read More
08 Apr 2021

Are Employees Working Harder in Lockdown?

Work outside the normal working hours during the lockdown has contributed to serious health issues amongst the remotely-working workforce.

Read More