The Dynamic Benchmarking of Labour Markets

Melanie Jones

Regional Studies, 2004, vol. 38, issue 5, 493-504

Abstract: Jones M. K. (2004) The dynamic benchmarking of labour markets, Reg. Studies 38, 495-506. This paper investigates the potential role of benchmarking labour market performance at the regional level. It focuses on how labour market comparison can be simplified, using a single, composite measure of performance, whilst capturing the multi-dimensional nature of labour market performance. The issues that surround the development of a composite measure are discussed, including the selection of domains, indicators, an appropriate benchmark and weights. The possibilities of dynamic benchmarking for monitoring labour market performance are illustrated through a benchmark of the Welsh Labour Market and the localities currently receiving Objective 1 funding.

Keywords: Benchmarking; Regional labour markets; Determination des points de repere; Marches du travail regionaux; Normierung; Regionale Arbeitsmarkte; Estudio comparativo (benchmarking); Mercados laborales regionales (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (1)

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DOI: 10.1080/0143116042000229276

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