Sentences with phrase «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. Full definition
In turn, slower growth in labour costs is having a beneficial effect on international competitiveness.
Low overall inflation has, to a large extent, been a result of relatively subdued growth in unit labour costs.
The book publishing industry has low labour costs because many publishers use contract staff for services such as editing and design.
It's the latest Australian franchise business to feel some stress under the weight of high labour costs and rents.
Also the increasing labour cost of about 10 - 15 percent has led a 15 - 20 percent rise in the premium.
«The way British people get jobs of the future is to get educated and more skilled because we can not compete on labour costs alone,» he added.
The machine cuts giveaway to less than 1 % of pack weight and reduces labour costs by typically three operators per shift.
Currently, the cost of this is as high as 5 % of a manufacturer's turnover driven by factors such as increasing labour costs.
Employers should determine whether current staffing levels and pricing strategy are viable with labour cost increases and adjust as necessary.
The professional labour cost for editors of such a professional, electronic, in - depth law journal can be high.
Government policy in the last century addressed high labour costs by imposing tariffs to make it more economical to produce products locally than to import them.
And if labour costs actually rise generally with increased productivity, the absolute cost of legal work will increase as lawyer incomes rise with productivity in other sectors [13].
Some of these occupations are getting shipped overseas due to cheaper labour costs, while others are becoming obsolete with the passage of time.
With labour costs representing about 60 per cent of value added in manufacturing, the net result has been a decline in overall profitability.
Beyond that period, the inflation result should mainly reflect trends in the domestic cost structure, particularly labour costs.
With no sign of meaningful reform in the industrial relations space during current term of government, manufacturers are looking to strip out labour costs through automation and less generous wage deals.
Also, he had no way of calculating the price of the research to companies, so used labour costs of people engaged in R&D instead.
Looking for more efficient ways of delivering a project on time, improving quality and measuring carbon emissions, reduction of waste on site coupled with reducing unnecessary labour costs.
Think of the variable labour costs of a tech company.
Unit labour costs have been rising quickly as the economy moves up the value chain.
This can only result in more efficiency, lower labour costs and most importantly, greater profitability within your operation.
It is important to note that low growth in labour costs has, in many respects, helped the economy adjust to the lower terms of trade.
We offer an array of government incentive programs and services that can lower your corporate taxes and help your business save on labour costs, R&D, and expansion activities.
She points out that organizations in certain parts of the sector may have legitimate reasons for spending more on administration, such as higher labour costs.
The savings you might get from reduced labour costs aren't that high.
The economic reasons for the decline was cheaper alternative energy sources and increasing labour costs.
In addition, Danny maintains hands on role in industry projects in robotics and export development which have potential to cut labour costs for growers and expand fledgling overseas markets for produce.
There's a familiar pattern in the company's history: keep high - stakes R&D in Toronto; punt lower margin commodity business to sites where labour costs are lower (Celestica operates 20 facilities in 14 countries including Mexico, Taiwan and Malaysia).
However, a pro-forma invoice from Smarttys Management to the Transport Minister disclosed that the firm charged a whopping Gh cents 2000 as labour cost per bus.
Rising labour costs in southern China have started to affect local labour intensive export industries during the past few years, forcing manufacturers to seek various solutions to reduce the impact of higher wages on factory product prices.
Forcing researchers to do this on their own without the legitimacy of government, and individually putting in the huge labour costs involved in correcting survey biases, is a terrible use of grant funding.
Most labour cost indicators suggest that wages growth edged higher in the second half of 2003.
Most labour cost indicators continued to signal solid wages growth in the March quarter.
The profits recovery has been driven by continued strong productivity growth in conjunction with subdued compensation growth (due to the weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).
The latest NAB business survey shows total labour costs increasing at close to their fastest pace of the past five years, although still considerably slower than in the mid 1990s.
Weak economic conditions in the past couple of years have seen growth in labour costs slow to 2 1/2 per cent over the year to the December quarter, from 3 1/2 per cent a year earlier.
By and large, those jobs didn't migrate across the Pacific, but instead crossed the border south to the US, as the loonie's soaring value made Canadian labour costs uncompetitive.
Also, to date, there has been only a modest slowing in labour costs from around 3 1/2 per cent in 2002 to 2.9 per cent over the year to the September quarter.
After the analyst asked a question about whether the company could reach its 25 - per - cent gross margin target on the Model 3, chief financial officer Deepak Ahuja said recently imposed tariffs, more expensive commodities and higher labour costs factored into the company's guidance.
Official data on labour costs based on wage - bill measures, such as average compensation of employees and average weekly ordinary time earnings, also gave little indication of emerging widespread wage pressure in the September quarter.
When the Kellogg's cereal plant in Battle Creek, Mich., instituted six - hour shifts — back in 1930 — work - related accidents dropped dramatically, as did labour costs, turnover and overhead.
As a condition of receiving taxpayer - funded bailouts, governments ordered GM, Chrysler and their unions to bring labour costs in line with Toyota, Honda and Nissan.
«Spiralling labour costs are now threatening their growth ambitions and hiring intentions,» Cherry added.
Total tax revenue, % of GDP Taxes on income and profits, % of GDP Taxes on goods and services, % of GDP Taxes on average worker, % of Labour Cost Government gross financial liabilities as a % of GDP
He says with profit margins in the restaurant industry range between three to four per cent and there is little room to absorb significant labour cost increases, meaning prices will have to go up for consumers.
Rheault notes that the logistical advantages of interior China outweigh labour costs that are now higher than those of upstart neighbours like Cambodia or Bangladesh.
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