employment

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employment

the use of LABOUR and CAPITAL to produce goods and services. See LABOUR FORCE, CAPITAL STOCK.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

employment

  1. 1micro-context - the use of LABOUR as a FACTOR OF PRODUCTION;
  2. macro-context - the aggregate number of persons in work in the economy as a constituent of the LABOUR FORCE. The size and quality of the labour force is a crucial determinant of the economy's capacity to provide output (see AGGREGATE SUPPLY) and achieve ECONOMIC GROWTH over time.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The contract labour system be abolished in the light of instructions of the higher judiciary and all workers be regularised.
Many Contract Labour Agencies are highly reputable organisations, but in some parts of the world and in some value chains, practices are not as ethical as many global businesses might require.
"Instead of resolving the issue amicably, management is misusing apprentices to make them work and has hired contract labour to do our job, which is skilled and involves stringent processes to ensure quality," said Prasanna Kumar, President of the Toyota Workers' Union, in the report.
A DEAL to resolve a row over contract labour, which led to a series of wildcat strikes across the country, was accepted today.
The plan involves reducing the employee headcount by more than 3,000, around 17 per cent, and cutting contract labour by nearly 2,000, or nearly 30 per cent.
RECRUITMENT and contract labour firm New group has signed a deal to supply workers for Port of Blyth which could be worth pounds 3m for the Newcastle business.
The cuts are being made among around 1,000 contract labour staff employed at the Airbus factory in Broughton, north Wales.
Building for the future: Ms Cheryl Walker smiles after the launch of her Birmingham recruitment company, Contract Labour Hire, which supplies workers to major construction schemes.
ER: How will you comment on contract labour system?
For example, most of the following employments are found through contract labour: loading and unloading of goods and materials; catering including canteen services; security services; civil and construction works; electrical/ air conditioning/ painting/ whitewashing; house keeping services; computer maintenance, etc.