Unit labor costs (productivity and costs) - U - Diccionario Laboral. Con conceptos laborales de la legislación Mexicana, Española y Estadounidense - Libros y Revistas - VLEX 449544350

Unit labor costs (productivity and costs)

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Unit labor costs show the growth in compensation relative to that of real output. These costs are calculated by dividing total labor compensation by real output. Changes in unit labor costs can be approximated by subtracting the change in productivity from the change in hourly compensation.

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