Examlex
A "thin" market is characterized by:
Layoff Cost
The financial charges incurred by a company when it has to terminate employees, which can include severance pay, benefits continuation, and other related expenses.
Hiring And Training Cost
Expenses related to recruiting new employees and providing them with the necessary skills and knowledge for their positions.
Regular Time Cost
The cost associated with normal working hours, including wages for employees and operational expenses incurred during standard business hours.
Over Time Cost
The additional expenses incurred when employees work beyond their regular hours, often including higher wage rates for overtime hours.
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