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Prevailing Wages
The average wage paid to workers in a specific area and industry, often used in regulations to ensure fair compensation.
Labor Costs
The total expenditure incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.
Employee Turnover
The rate at which employees leave a company and are replaced by new employees over a specific period.
Automation
The use of machinery and technology to perform tasks without human intervention, often to improve efficiency and productivity.
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