Examlex
If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed:
Employee Retention
Employee Retention involves strategies and practices aimed at preventing valuable employees from leaving their jobs, focusing on creating a positive work environment, career development opportunities, and competitive compensation.
Retired Workers
Individuals who have withdrawn from the workforce after reaching the age of retirement, often eligible for pensions or retirement benefits.
Flexible Schedules
Work arrangements allowing employees varying arrival and departure times, as well as the possibility of working from different locations.
Human Capital
The abilities, expertise, and experiences held by a person or group, considered in relation to their worth for an organization.
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