Workforce

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  • The pool of people engaged in or eligible for employment. The concept can be applied to different units, including a group of people (e.g., women), a single organization (e.g., the Acme Corporation), an industry (e.g., textiles), and a geographic region (e.g., city, county, state, nation).

    Since workforce participation is a key component in long-term economic health and growth, workforce planning is a central element. Workforce planning allows units to anticipate changes in the workforce rather than react to them. These changes can include demographic, social, economic, and political factors that might increase or decrease the pool of available workers.

    10.4135/9781412972024.n2691

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