- From the employer's side, employment is the act of employing workers;
- From the employee's side, employment is the state of being employed.
Combining both sides, employment can be defined as a process and/or result of exchange of employer's money and/or other compensation and employee's work. In addition, employment may refer to some activity to which one devotes time. In economics, employment is a ratio of the number of employed people to total labor force.