Business Dictionary :
Labour



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Labour : (US) labor : noun : heavy work


Manual Labor = work done by hand

  • To charge for materials and labor = to charge for both the materials used in a job and also the hours of work involved

  • Labor Costs = cost of the workers employed to make a product (not including materials or overheads)


    Labor Charges = cost of the workers employed to make a product (not including materials or overheads)


    Indirect Labor Costs = cost of wags of workers who are not directly involved in making the product (such as secretaries and cleaners)
  • Labor is charged at $20 an hour. = Each hour of work costs $20.

  • Labour : (US) labor : noun : workers or the workforce


    Casual Labor = workers who are hired for a short period


    Cheap Labor = workers who do not earn much money


    Local Labor = workers recruited near a factory, not brought in from somewhere else


    Organized Labor = workers who are members of trade unions


    Skilled Labor = workers who have special knowledge or qualifications


    Labor Force = all workers
  • The management has made an increased offer to the labor force.

  • We are setting up a factory in the Far East because of the cheap labor force available.

  • Labor Market = number of workers who are available for work
  • 25,000 young people have left school and have come on to the labor market.

  • 25,000 people have left school and become available for work as labors.

  • Labor Shortage = situation where there are not enough workers to fill jobs


    Shortage of Labor = situation where there are not enough workers to fill jobs


    Labor-Intensive Industry = industry which needs large numbers of workers or where labor costs are high in relation to turnover


    Labor Disputes = arguments between management and workers


    Labor Laws = laws relating to the employment of workers


    Labor Legislation = laws relating to the employment of workers


    Labor Relations = relations between management and workers


    Labor Union = organization which represents workers who are its members in discussions about wages and conditions of work with management


    International Labor Organization = Section of the United Nations which tries to improve working conditions and workers' pay in member countries


    NOTE : no plural


    Laborer : noun : person who does heavy work


    Agricultural Laborer = person who does heavy work on a farm


    Casual Laborer = worker who can be hired for a short period


    Manual Laborer = person who does heavy work with his hands


    Labor-Saving : adjective : something which saves you doing hard work
  • Washing-Machine is a labor-saving device.

  • QUOTE : The possibility that British goods will price themselves back into world markets is doubtful as long as sterling labor costs continue to rise faster than in competitor countries.
    (
    Sunday Times)


    QUOTE : 70 per cent of Australia’s labor force is employed in service activity.
    (
    Australian Financial Review)


    QUOTE : European economists are being held back by rigid labor markets and wage structures.
    (
    Duns Business Month)







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