They offer the possibility of moving from the model of the flexible worker to the model of the flexible workplace, one in which the needs of the organization and the needs of employees are recognized and reconciled. In a flexible workplace, the hours of work can be varied to meet the preferences of workers consistent with employer needs, but employees can also work predictable hours and receive a predictable income. Attrition - jobs that are vacated due to retirement or death of the workers. Business Cycle - fluctuations in economic activity characterized by periods of economic boom and downturn. Career - is a lifestyle concept that involves a sequence of work or leisure activities in which one engages throughout a lifetime.
Careers are unique to each person and are dynamic, unfolding throughout life.
Demography - the study of population patterns which provides information such as statistics on birth, death and disease in a community. Discouraged Workers - people who are unemployed and have given up looking for work. Econometric Model - tools for measurement used in forecasting, which extrapolate from statistics. Employment Growth - the creation of new jobs. Employment Requirement - the combination of the two figures, employment growth and attrition, gives the employment requirement, i.e., the need the economy has for new workers.