Companies that manufacture goods must be cognizant of the costs that go into every component that makes up the finished product, including the cost of warehousing the products, the labor to make the ...

Discover how human resource planning might be used to estimate the correct demand for labor in a given market, both qualitatively and quantitatively.

Laws governing the employer–employee relationship are extremely complex. Compliance costs and regulatory risks are high, and these costs are primarily borne by employees in the form of lower wages.

Controlling labor costs is an important responsibility for all small business owners, especially those operating restaurants. The question is what percentage of sales is the correct amount of labor ...

The diagram above represents the standard economics textbook presentation of the effects of minimum wage laws that artificially raise wages for low-skilled workers (to $7.25 an hour in this case) ...

Labor productivity—output per hour worked—drives long-run economic growth. Business leaders looking beyond the next two years will find that their companies’ fortunes are tied to the economy’s growth ...