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Over the next few years, employers may face a severe labor shortage because .
Allowance Factor
A coefficient or multiplier that accounts for expected deviations from standard or nominal conditions, often used in design and engineering to ensure safety or compliance.
Standard Production
The established amount of output that is expected under normal operating conditions within a given time period.
Incentive Plan
A reward system designed to motivate employees by offering bonuses, commissions, or other types of compensation based on performance.
Performance Rating
An evaluation of an individual's or machine's performance, often based on predefined standards.
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