Businesses incur a wide variety of expenses to fund their operations, which often includes paying wages to employees who perform services for the business. In business management and finance, labor ...

Manufacturers have a whole host of costs that they must account for in the manufacturing process. The costs may be divided into two categories: direct costs and indirect costs. Indirect costs often ...

Despite being similar in dozens of ways and having many lessons we could learn from them, contractors rarely look towards the manufacturing industry for tips on how to run their operations more ...

Discover what labor costs encompass, their categories—direct and indirect—and why they matter in pricing strategies to maintain profitability.

With labor being the greatest risk in construction, a full understanding of labor components will provide the estimator with the ability to determine a project’s labor costs as accurately as possible.

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / Paige ...

Frontier Airlines said today it has reduced its indirect labor workforce by 10 percent, to save $5 million annually. Indirect labor typically includes employees not directly involved in production, ...

Touch labor refers to the hands-on aspects of production or the technical aspects of an organization's tasks or services. You can directly trace touch labor costs to a product. It is usually at the ...

Plastics products maker Berry Global Group Inc. has eliminated about 100 "indirect labor positions," the company confirmed Oct. 12. "Berry Global employs approximately 47,000 team members across its ...