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Dictionary by pitch.dog
Retention, engagement & workforce metrics · Core

Labour cost

Also called: labor cost

ELI5

Total employer cost of wages, salaries, benefits and related employment expenses.

Used in conversation

“Compare labour cost with the same cohort and period before drawing a conclusion.”

Pitch context

You will see “Labour cost” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches retention, engagement & workforce metrics.

Why it matters: In retention, engagement & workforce metrics, the scope can change what data may be used, who may access it and which controls are required.

Caution

Employment law and workplace practice vary by jurisdiction and agreement.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.