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Definitions from WordNet

Definitions from the Web

Labor Pool

Definition: A labor pool refers to the total number of available workers in a particular area or industry, including both employed and unemployed individuals.

Examples:

1. The company decided to expand its operations in order to tap into the large local labor pool.
2. The construction industry relies heavily on a skilled labor pool to meet the demand for infrastructure projects.
3. During times of economic downturn, the size of the labor pool increases as more people search for employment.
4. The success of a business often depends on its ability to attract and retain talent from the labor pool.
5. Efficient workforce planning requires understanding the composition and trends within the local labor pool.

Related Products:

• Labor Pool Management Book
• Labor Pool Analysis Software
• Labor Pool Recruitment Strategies