Labour market in india

1. Labour Market In India
Presented By Joyal George

2. Place where two parties can gather to
facilitate the exchange of goods and services.
Market

3.  Market where you can buy/sell labour
 Place where labour services are exchanged for
wages
 A labour market is the place where workers and
employers interact with each other.
Labour Market

4. In the labour market, employers compete to hire the
best, and the workers compete for the best satisfying
job.
Labour Market

5. Market
Demand
Supply

6. Labour Market
Demand
Supply
(Companies)
(Workers)

7. Since skilled workers have more
productive than unskilled
workers, companies are
prepared to pay them more

8. Extremely Segmented

9. Extremely Segmented

10. Price of labour also depends upon circumstances
Full employment High Unemployment
Shortage of
available workers
High supply
of workers
Wage will rise Wage will fall

11. Organised labour market
Types of Labour Market
Unorganised labour market

12. • Most of the labours are from rural background
• Large working population is the part of Unorganised sector (>94%)
• Unorganised nature of employment including agricultural labourer, migrant workers, bonded
labourers etc
• Labour market also impacted by demand during certain seasons and periods
• Condition of unorganised sector is not good in India
Profile of Indian Labour Market

13.  LinkedIn
 Other Online portals
Labour Market in Digital Era

14. Thank You