Workforce Development

Employment Agency
An employment agency is a public or private organization that provides services for individuals seeking employment and for potential employers seeking employees.
Fast Tracking
The process of selecting certain employees for rapid advancement within an organization, often based on their exceptional qualities and potential.
Hard-Core Unemployed
The hard-core unemployed are individuals who either have never had a full-time job or have been unable to find work over an extended period of time. These individuals are typically disadvantaged due to a lack of education and job skills.
Knowledge-Based Pay
Compensation predicated upon an employee's level of skill and educational attainment. Knowledge-based pay can serve as an incentive for employees to pursue additional training and education, thereby upgrading overall workforce skill levels.
Labor Mobility
Labor mobility refers to the ability of workers to change employment easily. Highly mobile workers are often found in occupations that are in great demand.
Skill-Intensive Occupation
A skill-intensive occupation or job requires a highly skilled workforce capable of performing complex tasks with a high degree of proficiency. Examples of skill-intensive jobs include machinists, computer programmers, tool and die makers, and culinary chefs.
Unemployable
Individuals who are not employable due to a lack of skills, education, and experience, often resulting in chronic unemployment.
Vocational Rehabilitation
Vocational rehabilitation aims at equipping individuals with updated job skills to return to the workplace. This can involve various training programs and resources tailored to meet individual needs, ranging from simple skills like word processing to complex occupational tasks.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.