Occupational Labor Mobility

AAA

DEFINITION of 'Occupational Labor Mobility'

Refers to the ease with which workers can switch career fields to find gainful employment or meet labor needs. Higher levels of occupational labor mobility help to maintain strong employment and productivity levels, leading many governments to provide occupational retraining to help workers acquire necessary skills and expedite the process.

INVESTOPEDIA EXPLAINS 'Occupational Labor Mobility'

A lack of occupational labor mobility is often referred to as "golden handcuffs," meaning that higher paid workers with only one unique skill-set cannot quickly change career fields without a major financial adjustment. The ongoing struggles of the U.S. autoworker have provided a painful example of this, with many downsized workers not being able to find employment with compensation anywhere close to their previous levels.

RELATED TERMS
  1. Corporate Ladder

    A conceptualized view of a company's employment hierarchy in ...
  2. Peter Principle

    An observation that in an organizational hierarchy, every employee ...
  3. Geographical Labor Mobility

    This refers to the level of freedom that workers have to relocate ...
  4. Golden Handcuffs

    A collection of financial incentives that are intended to encourage ...
  5. Discouraged Worker

    A person who is eligible for employment and is able to work, ...
  6. Human Capital

    A measure of the economic value of an employee's skill set. This ...
Related Articles
  1. Economics

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  2. Economics

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
  3. Investing Basics

    Economic Indicators That Do-It-Yourself Investors Should Know

    Understanding these investing tools will put the market in your hands.
  4. Options & Futures

    Explaining The World Through Macroeconomic Analysis

    From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
  5. Budgeting

    Planning For Unemployment

    Preparation can help you land on your feet after getting the "old heave-ho".
  6. Stock Analysis

    The 10 Biggest Strikes In U.S. History

    American workers have striked to demand better pay, working conditions and benefits. Here's a list of the biggest U.S. work stoppages.
  7. Personal Finance

    Most Successful Unions

    Labor unions have existed in the U.S. for quite some time, but not all have been as successful as these three.
  8. Personal Finance

    Are Labor Unions Effective?

    This article examines some of the pros and cons associated with organized labor.
  9. Personal Finance

    The History Of Unions In The United States

    Although the overall power of labor unions may not be what it once was, they still maintain a great deal of influence in the United States.
  10. Personal Finance

    Is Striking The Best Option?

    Sometimes striking can do more harm than good. Here are a few examples where things have gone from bad to worse.

You May Also Like

Hot Definitions
  1. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  2. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  3. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  4. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  5. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
  6. Currency Carry Trade

    A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase ...
Trading Center