Human Resource Management - Internal Labour Markets

Human Resource Management - Internal Labour Markets (ILMs)
Occur when firms adopt a policy of recruiting workers at a low-level, then advancing them through a sequence of jobs within the enterprise
Employee's entire career takes place within a single organisation - 'cradle-to-grave'
Typical employee relationship with the firm are characterised by:
1.<Tab/>Long-term attachments
·<Tab/>The longer a worker is happily employed, the greater the worker's commitment and loyalty will be to the firm
·<Tab/>By creating an I…