Profession:
A profession refers to a specialized career or occupation that requires specific knowledge, skills, and expertise. It involves working in a particular field of activity that often requires formal education, professional qualifications, and continuous learning. Professions are typically regulated by professional bodies or organizations, which set standards and codes of conduct for practitioners.

Key Points:
- Specialized career or occupation
- Requires specific knowledge, skills, and expertise
- Involves working in a particular field of activity
- Often requires formal education and professional qualifications
- Regulated by professional bodies or organizations

Employment:
Employment, on the other hand, refers to the act or instance of being employed or engaged in work for compensation. It involves a contractual agreement between an employer and an employee, where the employee agrees to provide their skills and services in exchange for wages or salary. Employment can be in various forms, such as full-time, part-time, temporary, or contractual.

Key Points:
- Act or instance of being employed or engaged in work
- Involves a contractual agreement between an employer and an employee
- Employee provides skills and services in exchange for compensation
- Different forms of employment (full-time, part-time, temporary, contractual)

Difference:
While both profession and employment are related to work and career, there are key differences between the two:

1. Nature:
- A profession focuses on a specific field of activity and requires specialized knowledge and skills.
- Employment, on the other hand, is a broader term that encompasses any form of work or job.

2. Qualifications:
- Professions often require individuals to possess formal education, professional qualifications, and certifications.
- Employment may or may not require specific qualifications, depending on the nature of the job.

3. Regulation:
- Professions are often regulated by professional bodies or organizations that establish standards, codes of conduct, and ethical guidelines for practitioners.
- Employment, while subject to labor laws and regulations, may not have specific regulatory bodies governing every type of job.

4. Scope:
- Professions are usually long-term career paths that individuals choose and pursue with a higher level of commitment.
- Employment can be temporary, part-time, or contractual, providing a more flexible approach to work.

In summary, a profession is a specialized career that requires specific expertise and is regulated by professional bodies, while employment refers to the act of being engaged in work for compensation, which can be in various forms.

Profession includes those activities, which require special knowledge and skill to be applied by individuals in their occupation. Those engaged in professions are known as professionals and are generally subject to guidelines or codes of conduct laid down by professional bodies, e.g., lawyers are engaged in the legal profession, governed by the Bar Council of India and Chartered Accountants belonging to the accounting profession are subject to the regulations of the Institute of Chartered Accountants of India. Employment refers to the occupation in which people work for others and get remunerated in return. Those who are employed by others are known as employees. Thus, people who work in factories, offices of banks, insurance companies or government department, etc at various posts are the employees of these organizations. They receive wages and salaries.