Question

Discuss changes in the job market for IT workers. How does the job market and current state of the economy affect human resource management?

Answer 1

answer-

Before increase use of technology and internet, the demand for IT workers were less because there is no great demand for IT workers in the market where people are not using as much tech as compared to now. this situation changed after the 2008, when organizations were getting tech based projects like software development, creating and maintaining the IT infrastructure of the organization. this all leads to high demand of IT workers because IT workers has the needed skills and capabilities like programming , tech expertise, which helped organization to meet their IT needs and projects.

Current state of jod market is that IT workers are high in demand like Google and amazon like company all years recruit and place talented IT workers in its organization and economy of the country is getting stronger because this created employment opportunity to people in IT and improve their standards of living.

This affect HRM because increase demand of IT workers and changed economy make organization to pay more and offer benefits to IT workers who have more demand in other companies so HRM of the company has to offer attractive offer which affect their recruitment and compensation strategy.

for example- if an organization is needing software developer for which it has two employees one is poor and one is higlhly talented so second one can get job in another but company can not afford to lose that one so they change their offer and give best offer in the job market to stay and work in the company.