What is Workforce?
The term “workforce” refers to the total number of people who are employed by a particular organization, company, industry, or within a specific geographic region. It encompasses all individuals who are engaged in various types of work, including full-time, part-time, temporary, and contract workers. The workforce size refers to the total number of employees working for an organization or within a particular industry.
Features of Workforce:
- Composition: The composition of the workforce refers to the demographics, skills, qualifications, and diversity of the employees. This includes factors such as age, gender, ethnicity, educational background, experience level, and job roles.
- Employment Status: The workforce may consist of employees with different employment statuses, including full-time employees, part-time employees, temporary or contract workers, and seasonal workers.
- Skill Sets and Expertise: The workforce encompasses individuals with a wide range of skills, expertise, and qualifications. This includes technical skills, soft skills, specialized knowledge, and professional certifications relevant to their roles and responsibilities.
Difference between Labour Force and Workforce
The Labour Force and Workforce have a thin line of difference that needs clarification. The term labor force refers to the portion of the population that is either employed or actively seeking employment, whereas the term workforce refers to the total number of people who are employed by a particular organization, company, industry, or within a specific geographic region.