A07 Location

  

Lloyds TSB is located

149 Commercial St Newport Gwent
149 Commercial Street
Newport
Gwent
NP20 1TS

 Lloyds is located here because when a particular industry becomes associated with an area the local labour force develops skills appropriate to that industry. A new business in the same industry will therefore be able to recruit employees who have the right skills and experience it needs. If a business locates in an area where employment levels are high, it will have to compete with other businesses for the employees it needs. The business may have to offer higher wages and salaries, improved benefits and conditions, or a better working environment in order to tempt employees from other employers.

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Labour

 When deciding on a location Lloyds must know that it will be able to recruit enough employees with the appropriate skills and experience to meet its needs. Different types of business or industry require different types of skills and experience. The availability of a suitable workforce also depends on local employment levels.

Employment levels

 Lloyds should locate there business in an area where employment levels are low and there is high unemployment because the business may be able to attract the employees its needs more easily. If Lloyds locates where employment levels are already high it ...

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