labor pool explanation.  |  ○   Lettris Freeman (2010) holds that the new entrants to the global workforce since the 1980s brought little capital with them, either because they were poor or because the capital they had was of little economic value. Choose the design that fits your site. Usage Examples. Related questions: On average, how many hours do you work a day at Riverside Health System? For fleets needing additional drivers, the constraint will be in their ability to hire and train prospects from the available labor pool, according to FTR Associates' Driver Supply Update for May 2010. India wears the crown as the most popular outsourcing destination, with its staggeringly low labor costs and qualified agent pool. Define labor pool by Webster's Dictionary, WordNet Lexical Database, Dictionary of Computing, Legal … labor pool. Add an answer. Labor pool is when they call you or need or you to come in to work depending if SOMONE is out sick or somthing of that nature. Your Labor Pool consists of individuals not directly involved with patient care and not associated with a predefined ICS position. labor, labour, proletariat, working class - a social class comprising those who do manual labor or work for wages; "there is a shortage of skilled labor in this field". This global workforce mobility impacts an employer's ability to provide goods or services to users and consumers. Non-farming jobs grew from 54 percent in 1980 to almost 73 percent in 2010. What is the meaning of labor pool? 4 people answered. [10][11], Movement of people across national borders is becoming increasingly common. Now that we are free to live as we wish, we pool our labor for the benefit of all. A windows (pop-into) of information (full-content of Sensagent) triggered by double-clicking any word on your webpage. [16], However, other forces may mitigate these processes. advanced and developing economies for which data exist. While most of the absolute increase in this global labor supply consisted of less-educated workers (those without higher education), the relative supply of workers with higher education increased by about 50 percent during the same period. All Sources Fiction Arts / Culture News Business Sports Science / Med Technology. All persons already gainfully employed or who declare themselves to be seeking employment. Change the target language to find translations. Another potential outcome is an undermining of the protections that are already in place in some countries; that is, a pressure to lower domestic and, ultimately, international labor standards. This includes a return movement or repatriation of internationally relocated individuals such as immigrants, refugees, sojourners, retirees, military personnel, international students, or other expatriates. All rights reserved.  | Last modifications, Copyright © 2012 sensagent Corporation: Online Encyclopedia, Thesaurus, Dictionary definitions and more. Privacy policy ], (employment), (job market; labour market; labor market), (labour force; working population)[Thème], (professional; professional person; pro), (proceedings; duties; operations; trading operations), (task force; study group; working group; working party), (labour force; working population), (be in the employ of; be in service of; be in the pay of; be on the payroll of; be employed at; be employed by; be employed in; work in; work with)[Thème], class, social class, socio-economic class, stratum[Hyper. labor force. • LABOR POOL (noun) Sense 1. ], condition sociale d'une personne (fr)[Classe], labor; labour; working class; proletariat[ClasseHyper. Garutti Jr, a certified financial planner with Newroads Financial Group, said Prudential Annuities ' move was like his town closing the swimming pool on Labor Day, even though the weather was still nice. Turnover, complaints to EEOC ebb as recession swells industry labor pool. the "labor pool" family. Over that same period, Canada experienced the largest decrease in its unemployment rate (−0.5 percentage points), followed by the United States (−0.4 percentage point). Definition of labor pool in the Fine Dictionary. Another issue can arise in regard to the capital-labor ratio in the global population. For many products, labor is a small and diminishing fraction of total costs. The more capital each worker has, the higher will be their productivity and pay. Boggle gives you 3 minutes to find as many words (3 letters or more) as you can in a grid of 16 letters. For example, when an epidemic such as SARS hits Asia or when an earthquake hits Japan, supply chains are disrupted. This, along with the effects of the Great Recession, could mean that downward pressure on wages and compensation, particularly in more advanced economies, will continue for the foreseeable future. Traditionally, this has been described in terms of push and pull forces that drive migrant workers and immigrant laborers toward more developed countries. Tips: browse the semantic fields (see From ideas to words) in two languages to learn more. [9] Management theory attempts to address these movements of globally mobile individuals ranging from business expatriates to more recently identified groups such as self-initiated expatriates, international business travelers, international commuters, and "flexpatriates" (short-term assignees and international commuters). [3] He estimates that the entry of China, India and the Eastern Bloc into the global economy cut the global capital-labor ratio to around 55–60% of what it otherwise would have been. Labor Day has come and gone and that means your seasonal pools are all probably shuttered for the winter. Di, Cookies help us deliver our services. Get XML access to reach the best products. The English word games are: ○   Boggle. According to a 2012 report by the McKinsey Global Institute, this was caused mostly by developing nations, where there was a "farm to factory" transition. Related words - labor pool synonyms, antonyms, hypernyms and hyponyms. One example of this is employer abuse of guest worker programs wherein employers act to sponsor guest workers at lower wages in order to decrease the overall domestic standard wage for workers in a given occupation, such as with Information technology workers in the United States. Example sentences containing labor pool [3] At the same time, the rate at which new workers entered the workforce in the Western world began to decline. [17], Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, International unemployment rates, January 2013 on the Internet at, CS1 maint: multiple names: authors list (, "What Really Ails Europe (and America): The Doubling of the Global Workforce", "The world at work: Jobs, pay and skills for 3.5 billion people", http://www.bls.gov/opub/ted/2013/ted_20130308.htm, "Typologies: What types of foreign executives are appointed by local organisations and what types of organisations appoint them? 1. the source of trained people from which workers can be hired 2. Hypernyms ("labor pool" is a kind of...): labor; labour; proletariat; working class (a social class comprising those who do manual labor or work for wages) Global workforce refers to the international labor pool of workers, including those employed by multinational companies and connected through a global system of networking and production, immigrant workers, transient migrant workers, telecommuting workers, those in export-oriented employment, contingent work or other precarious employment. ○   Wildcard, crossword Meaning: The source of trained people from which workers can be hired. As of 2012, the global labor pool … Find out more, the source of trained people from which workers can be hired. The fewer people of working age, the fewer the people who can support schools, retirement pensions, disability pensions and other assistances to the youngest and oldest members of a population, often considered the most vulnerable members of society. English thesaurus is mainly derived from The Integral Dictionary (TID). Upvote 1. "Race to the bottom" is a phrase coined to describe the potential outcome of companies searching for the lowest-cost in all their business needs. Hospital taps teen labor pool for room service delivery help. labor pool (n.). By 2008 foreign-born workers accounted for 17 percent of all STEM (science, technology, engineering and math) positions in the United States. More commonly known as a labor force, a labor pool is the available group or pool of individuals who are qualified to function in a specific employment situation. 11 people answered. However, not all labor mobility is outward movement toward more advanced economies. See if you can get into the grid Hall of Fame ! Each square carries a letter. This situation may be in the form of a specific position within a company, the workers who are associated with a specific industry, or even the workers who reside in a specific geographical location.

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