(Answered) Labor marketultimately the success of any organizations

Accounting

Labor Market

Ultimately, the success of any organization's human resources depends on the capabilities and commitment of the workforce variety available in the labor markets. Still, employers have to adhere to some predetermined market standards regarding wages, benefits and working pre-conditions if they are to succeed in attracting and retaining the best talents. Globally, there exist formally established independent bodies that regulate and institute the necessary industry standards in these markets. For example, The United States Department of Labor is tasked with regulating the American labor market, which is the primary human resources source for Google, Inc. There are similar bodies that are in existence in all other foreign markets where the firm operates, and the firm has to adhere to their laws and regulations. The aim of this paper is to examine these bodies and their effects on Google's human resource decisions. Furthermore, the paper will also review the demographic.

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