Labour Market Research

Is this career choice a viable one?

The next step is to explore the realities of the labour market. Once assessment is complete it is also important to conduct Labour Market Research to evaluate the viability of the desired career. Certain careers may have excellent prospects in some geographic areas and diminished prospects in others.

Some points to consider in your Labour Market Research include: the extent and cost of training or education required; the working conditions of the job; the skills and characteristics employers look for; the pay and opportunity for career advancement; and the local labour market statistics and local employment outlook in that career, including an assessment of potential employers.