Building an employment service system for efficient utilization of national human resources

Employment service is a core infra-service of the national economy by supporting lifetime job activity, business management, and effective utilization of national human resources through comprehensive job-related services. Employment service not only assists job-related personal activities and management of human resources, but also encourages the systematic flow of human resources management with job information, guidance of vocations and careers, employment assistance, vocational training, and unemployment allowances. The function of employment service is to facilitate employment contracts by matching jobs with job seekers. This implies provision of job search information (for hiring companies, information on qualified candidate) and labor market information. The system is based on effective matching techniques that link job seekers with open job positions and, by doing so, creates new employment contracts. Public job agencies are needed because of the imperfect and asymmetrical information between job seekers and available jobs in the labor market. (The rest omitted)