PAPER ID: IJIM/Vol. 8 (IX) January 2024/40-42/7

AUTHOR: Ms. Vasudha Jolly^[I] Mr. Pintu Singla ^[II]

TITLE: ASSESSING THE IMPACT OF LABOR MARKET DYNAMICS ON INDUSTRIAL PRODUCTIVITY

ABSTRACT: This paper examines the relationship between labor market dynamics and industrial productivity. Specifically, it analyzes how factors such as labor force participation rates, education and skill levels, wages and compensation, turnover rates, and unionization affect productivity in different industrial sectors. The research is based on data from government labor statistics, industry productivity reports and academic studies. The findings suggest that investments in human capital, fair compensation practices, and cooperative labor-management relations are key drivers of productivity gains. However, skills gaps, labor shortages, and adverse workplace stress can hinder productivity growth. Policy implications for promoting a productive labor force are discussed.

KEYWORDS: Labor market, productivity, labor force , workplace, labor force, efficiency

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