WAYS TO OPTIMIZE THE DEMAND AND SUPPLY OF LABOR IN THE REGIONAL LABOR MARKET
DOI:
https://doi.org/10.47390/SPR1342V4I9Y2024N15Keywords:
Labor market optimization; Regional workforce; Demand and supply; Skill development; Education-industry alignment; Labor market efficiency; Policy strategies.Abstract
This article explores innovative strategies for optimizing labor demand and supply within regional labor markets. As economies evolve and labor dynamics shift, understanding the factors that influence labor availability and job opportunities becomes crucial. The study investigates various mechanisms, including skill development programs, better alignment of education with industry needs, and the role of technology in enhancing labor market efficiency. The findings suggest that collaborative efforts between stakeholders—such as government entities, educational institutions, and businesses—are essential for creating a responsive and adaptive labor market. This research aims to provide actionable insights for policymakers and industry leaders to foster a balanced labor market that meets both employer needs and workforce demands.
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