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LABOR COST. That part of a firm's total costs attributable to wages, salaries, supplementary benefits, and other employment costs.
LABOR-SAVING RATIO. The labor cost saved by an improved method divided by the unit labor cost of the original method.
LABOR STANDARD. (See DIRECT LABOR STANDARD, INDIRECT LABOR STANDARD.)
LEARNER'S ALLOWANCE. (See TRAINING ALLOWANCE.)
LEARNING CURVE. A plot of productive output or unit work times of an individual or group as a function of time or output per unit time; used to predict the learning rate in starting up a new job or project. A learning curve is usually exponential and flattens out with time. (See START-UP CURVE, PROGRESS CURVE.) Syn: learner's curve.
LEVELED ELEMENT TIME. (See NORMAL ELEMENT TIME.)
LEVELED TIME. (See NORMAL TIME.)
LEVELING. (See PERFORMANCE RATING.)
LINE OF FLOW. (See FLOW LINE.)
LOOSE STANDARD. A standard time greater than that required by a qualified worker with normal skill and effort, following a prescribed method and utilizing allowances for delays, personal needs, and rest.
LOST TIME. (See WAITING TIME.)
LOW TASK. A term used to indicate that performance rating or production standards are based on daywork levels as contrasted to high task or incentive work performance. Sometimes taken to mean a level of performance below the level expected under measured daywork conditions.
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