Definition of «labour costs»

Labour costs refer to the expenses that a company incurs for hiring and retaining employees. It includes wages, salaries, benefits, and any other related expenses associated with the workforce.

Phrases with «labour costs»

higher labour costs
low labour costs
unit labour costs
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Sentences with «labour costs»

In turn, slower growth in labour costs is having a beneficial effect on international competitiveness. (rba.gov.au)
Low overall inflation has, to a large extent, been a result of relatively subdued growth in unit labour costs. (rba.gov.au)
The book publishing industry has low labour costs because many publishers use contract staff for services such as editing and design. (slaw.ca)
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Definition of «labour costs»

Phrases with «labour costs»

Sentences with «labour costs»

See also