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International Journal of Contemporary Business StudiesVol: 4, No: 2. February, 2013 ISSN 2156-7506Available online at http://www.akpinsight.webs.com3.3 Bernston (2008)Bernston (2008) adopted an interactionist’s perspective to interpret perceived employability and he arguesthat individual’s perceptions of being employable is affected by both individual and situational factorsthus combine both individualist and situationalist’s points of view. Ekehammar (1974) definedindividualists as those who argue that situational factors have very little impact on the perception of asituation and therefore maintain that perceptions could be looked upon as nothing but individual factors,while situationalists claim the vice versa (as cited in Bernston, 2008).Situational factors discussed include (i) labor market structure, (ii) labor market opportunities, and (iii)organizational factors. While individual resources refer to (i) knowledge and skills (i.e. human capital),(ii) social capital, (iii) attitudes, (iv) demographics, and (v) dispositions. Please refer to figure 3.3 below.This study pointed out the importance of mere employability perception, as feeling employable providesindividuals with a sense of security and control over one’s career, aligned to the concept of employabilitysecurity. Such perception potentially affects the individual’s ability to handle stress, commitment towardsorganizations and proactivity at work (Berntson, 2008). It is important to understand how perceivedemployability affects actual employability, as the outcome or result of employability (i.e. employment) isviewed as the most significant for employees.Figure 3.3: Determinants of EmployabilitySituational FactorsLabour Market StructureLabour Market OpportunitiesOrganizational FactorsIndividual ResourcesKnowledge and SkillsPerceivedEmployabilitySocial CapitalAttitudesDemographicDispositions(Source: Bernston, E (2008). Employability Perceptions: Nature, Determinants and Implications for Health andWell-being2013©Academy of Knowledge Process13