Final answer:
A Personnel Information System (PIS) provides reports and statistics on employee demographics, aiding human resource management in an organization by offering data such as age, gender, education, and salary. It is analogous to broader labor market surveys conducted by government agencies providing insights into the labor force and industry trends.
Step-by-step explanation:
The system that provides reports and statistics on employee demographics is the Personnel Information System (PIS). The PIS is an essential component of human resources management as it helps with the gathering, organizing, and analyzing of data regarding the employees of an organization. Such information could include but is not limited to age, gender, education, job function, and salary data which are key factors for labor market analysis.
Understanding and utilizing Labor Market Information (LMI) is crucial for many businesses and organizations, providing insights and guiding strategic decisions around workforce planning and development. For example, LMI data may inform a company about current job prospects, salary expectations, and trends in various industries, which are all aspects the PIS can help monitor within an organization.
The United States Census Bureau and the Bureau of Labor Statistics publish surveys like The Current Population Survey and Current Employment Statistics, which offer details on labor supply and employment in the broader market, akin to the demographics reporting a PIS would deliver inside a company.