Workforce

What is Workforce ?

The term ‘Workforce’ is used to denote a section of the populace that is either employer in work or are available for work. Although it is traditionally used to denote the populace of a geographical location such as a city or nation, it might also be used to denote the workers in a particular industry or company.

 

The workforce can be categorized into various ways based on their gender, working capabilities, education, form of labour, etc. These differences also play an important role in the respective industries that these workforce engage in.

 

The ‘Labour Force Participation Rate’ or (LFPR) is the ratio of the available workforce of a location to the total populace of that location of the same group.

 

More HR Terms

Summary Dismissal

What is Summary Dismissal?   ‘Summary Dismissal’ refers to the immediate firing of an employee due to their inappropriate behavior. Generally, summary dismissal occurs in

Assessment Centre

What is Assessment Centre?   An ‘Assessment Centre’ is a location where any kind of assessment takes place. Concerning HR, an ‘assessment centre’ would be

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