Total Labor Cost | Meaning and Definition What is the Total Labor Cost? Labor cost is another name for total labor cost. It is the entire amount spent on labor in a company. The cost of hiring and managing resources is the major operational expenditure. Salary, bonuses, training, and ...
(=a room in a hospital where women give birth) 4 → a labour of love5 → somebody’s laboursCOLLOCATIONS –Meaning 2: all the people who work for a company or in a countryADJECTIVES/NOUN + labourskilled/unskilled labourEmployers want to keep skilled labour because of the cost of training...
It also wants to put a “fiscal lock” in place, meaning governments cannot skip an Office for Budgetary Responsibility assessment of their spending and tax plans. The idea is to stop unchecked announcements, such as the mini-Budget in September 2022, from causing significant financial instability...
The plan is that, with the exception of labour costs paid out by the union’s strike fund, the paper should be self-sufficient financially, meaning that advertising revenue (and maybe subscription revenue) should pay for printing and distribution costs. Advertising comes slowly “Ça roule,” ...
But in the government's own impact assessment published today, the Department for Business and Trade acknowledged that the new measures could cost businesses up to £5bn a year as they adjust to the new legislation and take on administrative and compliance costs. ...
with the possibility of flexibility through collective bargaining. The PEC proposes that the workday not exceed eight hours, but only for four days a week, with a maximum weekly workload of 36 hours. The proposal aims to implement a 4×3 work schedule, meaning four days of work followed by...
between (paid) employment and non-paid labor; in thepolitical systemwith its various specialized institutions of the legislative, the executive, and the judiciary; in thecultural systemwith its various socializing institutions for the creation of skills, value orientations, and spiritual meaning. ...
Does the international union have the necessary degree of authority and control to be a “supervisor” within the meaning of theOccupational Health and Safety Actover one of its locals? In this case, a former employee of the union alleged constructive dismissal and that the international union fa...
middle class in many countries. Critics contend that it createseconomic inefficiencyand can drive companies out of business with employees' high demands. In the United States, organized labor is regulated by theNational Labor Relations Board. An organized labor group is called a union. See also:...
The cost of the project largely depends on the labour involved. 5 Work The exertion of force overcoming resistance or producing molecular change. In physics, work is defined as force times the distance. 4 Labour The workforce or working class in economic terms. The new policy aimed to protect...