Search and Match employment model The labor market is essentially made up of the pool of employers, made up of companies looking to hire workers, and the pool of employees made up of workers in looking for work. Analyzing patterns between these two pools can help determine the present and future state of labor economies and thus efficient allocation of human resources. In this paper, a recently tested model, namely search and match, is presented. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayThe underlying elements of the search and matching model are the cognitive, personal, and interpersonal skills of a worker in a labor pool (Lise & Postel-Vinay, 2017). The model is based on the fact that some workers have a wide range of skills, but only a few specific skills are used. Some skills possessed by a worker may also overlap, so the same worker may be qualified to perform more than one type of job. The model analyzes these skills and, if true, can provide the worker with more than one job opportunity. The results of the analyzes of this model revealed that employers mainly prefer interpersonal skills over other skills. Workers, however, tend to focus on cognitive skills when training and education. This model also highlighted the fact that, contrary to popular belief, employers do not consider a degree to be an adequate measure of a worker's skills or ability to perform their tasks (Gathmann and Schönberg, 2010). This model could be applied to study parameters that could ultimately lead to increased employment levels of workers with lower academic credentials. Furthermore, the model can be applied to study any overlaps in the skills possessed by potential workers, where they might be matched with more than one job depending on their skills. Such analyzes and the techniques derived from them can further lead to an increase in the overall number of employed workers, especially those with lower levels of education. A study by Poletaev and Robinson (2008) demonstrated that it can be costly for an employer to relocate an employee within an organization if the skills possessed are too specific. Please note: this is just an example. Get a custom paper template now from our expert writers. Get a Custom Essay Therefore, this template can also be leveraged by potential employers, where they can study the skills of workers before hiring them. Ultimately, workers with transferable skills could then be hired without sending them back to the worker pool. The employee can also reap long-term benefits when it comes to relocating or promoting the worker without the need to invest in training the worker. Despite the ever-changing labor economy combined with technological advances, the relationship between employers and workers remains an important part of hiring dynamics. The search and matching model can help identify overlapping skills, which allows for easy transfer of workers and at the same time saves the employer training costs.