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

Induction

What is Induction ?    ‘Induction’ refers to the process of introducing a new employee to the company and its culture while also helping them

Global Human Resource Management

What is Global Human Resource Management ?    ‘Global Human Resource Management’ refers to global HR management, which emcompasses all the functions and responsibilities of

Total Remuneration

What is Total Remuneration?   ‘Total Remuneration’ refers to the monetary benefits provided to an employee by the company excluding non-monetary benefits. Generally speaking, it

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