Literature review on the German labor market

Abstract

Labor demand and supply are the driving forces for a company´s decision on all human resource management issues. However, the exchange conditions vary from country to country. Only if these conditions are well known a company´s human resource management is based on solid ground. This ground is on the one hand the development on the labor market concerning labor demand and supply and on the other hand the environmental conditions in this market. The article presents a literature review of the situation on the German labor market and its environmental conditions. Human resource managers can use this information to adjust their company´s human resource management to the demands of the German labor market.