Examlex
Staffing involves recruiting, hiring, motivating, and retaining the best people available for the organization.
Over Time Cost
The added expense incurred from having employees work beyond their regular working hours.
Marginal Subcontracting Cost
The additional cost incurred for each additional unit of production that is subcontracted rather than produced in-house.
Layoff Cost
The expenses associated with reducing an organization's workforce, encompassing severance pay, benefits continuation, and potential legal costs.
Hiring And Training Cost
Expenses associated with recruiting new employees and providing them with the necessary skills and knowledge for their role.
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