The difference between Employment and Hire
When used as nouns, employment means a use, purpose, whereas hire means payment for the temporary use of something.
Hire is also verb with the meaning: to obtain the services of in return for fixed payment.
check bellow for the other definitions of Employment and Hire
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Employment as a noun:
A use, purpose
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Employment as a noun:
The act of employing
Examples:
"The personnel director handled the whole employment procedure"
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Employment as a noun:
The state of being employed
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Employment as a noun:
The work or occupation for which one is used, and often paid
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Employment as a noun:
An activity to which one devotes time
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Employment as a noun (economics):
The number or percentage of people at work
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Hire as a noun:
Payment for the temporary use of something.
Examples:
"The sign offered pedalos on hire."
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Hire as a noun (obsolete):
Reward, payment.
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Hire as a noun:
The state of being hired, or having a job; employment.
Examples:
"When my grandfather retired, he had over twenty mechanics in his hire."
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Hire as a noun:
A person who has been hired, especially in a cohort.
Examples:
"We pair up each of our new hires with one of our original hires."
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Hire as a verb (transitive):
To obtain the services of in return for fixed payment.
Examples:
"We hired a car for two weeks because ours had broken down."
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Hire as a verb (transitive):
To employ; to obtain the services of (a person) in exchange for remuneration; to give someone a job.
Examples:
"The company had problems when it tried to hire more skilled workers."
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Hire as a verb (transitive):
To exchange the services of for remuneration.
Examples:
"They hired themselves out as day laborers.  They hired out their basement for Inauguration week."
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Hire as a verb (transitive):
To accomplish by paying for services.
Examples:
"After waiting two years for her husband to finish the tiling, she decided to hire it done."
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Hire as a verb (intransitive):
To accept employment.
Examples:
"They hired out as day laborers."