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labor factor

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labor factor [′lā·bər ‚fak·tər]
(industrial engineering)
The ratio of the number of hours required to perform a task under project conditions to the number of hours required to perform an identical task under standard conditions of work measurement.


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The labor market's inflexibility, high reservation wages, and a labor factor burdened with large social contributions produce persistently high unemployment rates in the neighborhood of 10 percent.
The labor factor -- all the hours of shopping, food preparation and cleanup -- is causing more and more traditionalists to outsource the grandaddy of all holiday meals.
26) There are two problems with this position: (1) the assembled management team is not the only business resource, or intangible asset in the firm; and (2) the management operating expense reflects only the cost of the management labor factor and not its benefits to the business enterprise.
 
 
 
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