Labour Cost definition

Labour Cost means the direct labour rate per hour specified in a Virtual Systems House Agreement for Flextronics to perform an activity applicable to a Product at a Site. For greater certainty, the Labour Cost may vary for each Site, for each Product, and/or specific activity relating to a Product.
Sample 1Sample 2Sample 3
Labour Cost. Index” (LCI) is a short-Term indicator showing the short-Term development of hourly labour costs incurred by employers, the total cost on an hourly basis of employing labour. In other words, the LCI measures the cost pressure arising from the production factor “labour”. The LCI used in this Agreement must be taken from Labour Cost Index, Salary and Wage Rate (LCIQ SG51M1) - Table 4, All Sectors combined, MN1 Professional, Scientific and Technical Services), published by Statistics NZ (xxx.xxxxx.xxxx.xx). The base year labour cost index is the average of the labour cost indices for four quarters of 2018. Labour Cost Index (Salary and Wage Rates), is calculated as an average if the previous calendar year’s four quarters.
Sample 1Sample 2
Labour Cost has the meaning given to it in Appendix B (Description of Labour and Labour SPV Costs Subject to Re-basing and Process for Updating the Model following Re-basing) to Part E (Market Testing, Benchmarking and Indexing) of Schedule 8 (Variations); Labour SPV Cost has the meaning given to it in Appendix B (Description of Labour and Labour SPV Costs Subject to Re-basing and Process for Updating the Model following Re-basing) to Part E (Market Testing Benchmarking and Indexing) of Schedule 8 (Variations); or, failing such publication or in the event of a fundamental change to that index, such amendment to that index or such other index as the parties may agree (in each case with the intention of putting the parties in a no better no worse position than they would have been had the index not ceased to be published or the relevant fundamental change not been made) or in the event that no such agreement is reached between the parties, as may be determined by the Dispute Resolution Agreement;
Sample 1

Examples of Labour Cost in a sentence

  • In intervening years, these costs will be increased by the annual movement in an appropriate index, such as the Producers Price Index or the Labour Cost Index, and will be checked for continued reasonableness by the Milk Price Group against movements in Fonterra’s actual and budgeted costs, having particular regard to any significant change in Fonterra’s overhead costs (such as any change resulting from a restructuring).

  • For the analysis of training and wages we have used data from the Structure of Earnings Sur- veys of the years 2002 and 2006 and have linked them with data from the Labour Cost Sur- veys of the years 2000 and 2004.

  • For the purposes of this adjustment calculation, “inflation” will be determined on the basis of two components: a) a Consumer Price Index (“CPI”) component, weighted at 40%, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Services V41694625 – CPI, 2005 Basket, 2002 = 100, Alberta, All Items; and b) a Labour Cost component, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Series V1603533, weighted at 60%.

  • Direct Labour Cost are the cost which can be identified with and allocated to cost centres or cost units.

  • For the purposes of this adjustment calculation, “inflation” will be determined on the basis of two components: a) a Consumer Price Index (“CPI”) component, weighted at 65%, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Services V41694625 – CPI, 2005 Basket, 2002 = 100, Alberta, All Items; and b) a Labour Cost component, based on the annual Conference Board of Canada’s forecast for Statistics Canada CANSIM Series V1603533, weighted at 35%.

  • In the case of serious misconduct the Company can terminate employment at any time.

  • When the work is performed on current account, the Supplier may invoice monthly in arrears.The Supplier may, annually as from the start of a new calendar year, change the agreed fees/hourly rates in accordance with the changes in the Statistics Sweden's index: Labour Cost Index för tjänstemän (LCI tjm) pre- liminärt index, SNI 2007 kod J (Informations- och kom- munikationsverksamhet).The fees are exclusive of VAT and other additional taxes that were fixed after the Agreement was entered into..

  • Annual company spending on apprenticeships is estimated to stand at around 1% of their annual labour costs, or around EUR 30bn, see: Eurostat, Labour Cost Survey, 201234 Source: Eurostat, Labour Cost Survey, 2012A Commission analysis35 shared and discussed in the Eurogroup confirms the importance of investments in human capital to raise productivity and boost potential growth.

  • Below is table showing earnings statistics from the 2004 Labour Cost Survey (survey comes out only every four years).

  • Collection of Financial Statements of an Organization for two years and calculating GPR/NPR/Current Ratio/Liquidity Ratio/Debt-Equity Ratio.2. Identifying Fixed and Variable Cost components from the Financial Statements Collected.3. Calculation of Contribution / P/V Ratio /BEP based on the collected Financial Statements.4. Calculation of Material Cost Variances and Labour Cost Variances using imaginary figures.5. Preparation of Sales Budget for THREE divisions with imaginary figures.


More Definitions of Labour Cost

Labour Cost means the sums payable by the Assured to labourers directly employed by the Assured solely in relation to the construction of the Vessel plus the Assured's overhead on such sums and shall not include the Assured’s profit on such sums. Where the Assured consists of the Builder and the Buyer, the "Labour Cost" shall be the sums payable by the party which has employed the labourers.
Sample 1

Related to Labour Cost

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Labor costs means total compensation of all employees, not to include compensation paid

  • Labour means workers employed by a Contractor directly or indirectly through a sub- contractor or by an agent to do any skilled, semi-skilled, unskilled, manual, technical or clerical work relating to the subject of Contract for hire or reward.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Manufacturing Cost means ***

  • Local Labour means skilled, semi-skilled workers of all trades engaged by the Contractor on the Site for the purpose of or in connection with the Contract or engaged full time by the Contractor off the site for the Purpose of or in connection with the Contract (by way of illustration but not limitation: workers engaged full time in any office, store, workshop or quarry).

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Stranded cost means the amount by which the net cost of an

  • Day Worker means a worker who works his/her ordinary hours from Monday to Friday inclusive and who commences on such days at or after 6 a.m. and before 10 a.m. otherwise than as part of a shift system.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Casual Worker means a worker engaged by the hour and who may be dismissed or leave the employer's service at any moment without notice and except as hereinafter provided shall not be engaged for more than 30 hours per week in ordinary hours.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • contract worker means a natural person who is —

  • Plagiarism means to take and present as one's own a material portion of the ideas or words of another or to present as one's own an idea or work derived from an existing source without full and proper credit to the source of the ideas, words, or works. Plagiarism includes, but is not limited to:

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Shift Worker means a worker who is not a day worker as defined.

  • labourer means an employee engaged in one or more of the following operations: Cleaning premises, loading or unloading goods, carrying and/or stacking goods, removing refuse;