What is labour marketing

What is the importance of Labour marketing?
Labor market analysis is an integral part of an organization's recruitment process because it not only helps it find the most qualified workers for the jobs that it offers but also ensures that it provides a competitive compensation package to its workers..
Labor market analysis is an integral part of an organization's recruitment process because it not only helps it find the most qualified workers for the jobs that it offers but also ensures that it provides a competitive compensation package to its workers.
Labor market analysis is the process of: Identifying the appropriate labor market for various types of positions.
Surveying the market to determine the salaries that are being paid for like positions.
Identifying market trends such as: ancillary pay, and merit and pay practices.
Labour is the most important factor of production.
A nation having plenty of rich land but no labour force, cannot attain any economic development or prosperity.
Agriculture, industries, mining, transport system, trade activities, etc., all require sufficient and efficient workers for proper functioning.

What is the importance of Labour marketing?