Recruitment glossary

What are Labour Costs?

Browse all glossary terms

Labour Costs refer to the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by the employer.

Related terms

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Application management
What is Superannuation?

Superannuation is an organisational pension program created by a company for the benefit of its employees.

Application management
What is Six Sigma?

Six Sigma is a set of management techniques intended to improve business processes by greatly reducing the probability that an …

Compliance
What is SMSF (Self Managed Superannuation Fund)?

SMSF (Self Managed Superannuation Fund) is a superannuation trust structure that provides benefits to its members upon retirement.The difference between …

Application management
What is a Preferred Supplier List (PSL)?

A preferred supplier list (PSL) is a list that companies have of recruiters they prefer to deal with. Only agencies …

Application management
What is Redundancy?

Redundancy occures when an employer reduces their workforce because a job or jobs are no longer needed.

Application management
What is a Reference Check?

A Reference Check occurs when an employer contacts a job applicant’s previous employers, professors, teachers or coaches and other sources …

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