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What is another word for labor costs?

Pronunciation: [lˈe͡ɪbə kˈɒsts] (IPA)

Labor costs refer to the expenses incurred by companies in hiring and retaining their employees. It is a significant aspect of running a business that needs to be managed and controlled for profitability. However, the term "labor costs" can sometimes become monotonous when used repeatedly. To make your language more engaging and professional, you may consider using synonyms such as "personnel expenses," "wage costs," "staff expenditures," or "employee overheads." These words may provide a more refined and descriptive narrative for your readers and help create a unique voice for your brand. Ultimately, the right synonym can uplift your writing and make it more impactful.
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What are the hypernyms for Labor costs?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    personnel costs, employee expenses, labor expenses, labor outlays, payroll costs, personnel expenditures, worker costs.

Famous quotes with Labor costs

  • Smart businesses do not look at labor costs alone anymore. They do look at market access, transportation, telecommunications infrastructure and the education and skill level of the workforce, the development of capital and the regulatory market.
    Janet Napolitano

Related words: increased labor cost, labor cost report, labor cost trends, labor cost forecast, labor cost projections, average labor cost, average hourly labor cost, average daily labor cost

Related questions:

  • What is an increase in the labor costs?
  • What is the average hourly labor costs are in the united states?
  • What is the average daily labor cost in the united states?

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