Employment Rate by Country

This chart shows  Employment Rate by Country

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Employees work in return for payment, which may be in the form of an hourly wage, by piecework or an annual salary, depending on the type of work an employee does or which sector she or he is working in.

Employees in some fields or sectors may receive gratuities, bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits can include health insurance, housing, disability insurance or use of a gym. Employment is typically governed by employment laws or regulations or legal contracts.

An employee contributes labor and expertise to an endeavor of an employer or of a person conducting a business or undertaking (PCBU) and is usually hired to perform specific duties which are packaged into a job.

Employment rates indicate the percentage of persons of working age who are employed. In the short term, these rates are sensitive to economic cycles, but in the longer term they are also affected by government policies that pertain to higher education, income support and measures that facilitate employment of women.

Employment rates for men and women differ both between countries and within individual countries. Employment rates are hence shown for total employment and for men and women separately.