Examlex
What is ABC analysis and how does it work?
Marginal Subcontracting Cost
The additional cost incurred for outsourcing a unit of production or service beyond the normal capacity.
Layoff Cost
The expenses incurred by a company when reducing its workforce, including severance pay, benefits continuation, and potential legal costs.
Hiring And Training Cost
(new definition) Reflects the financial outlays involved in attracting, selecting, and enhancing the skills of employees to fulfill organizational roles.
Labor Hours
The total number of work hours contributed by employees in a given period, often used as a measure of production, efficiency, and labor cost.
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