equivalent labor
Definition
Required number of full-time workers or employees for completing a job within a given period—taking into account labor losses due to holidays, vacations, sick leave, and leave (with or without pay). It is computed by dividing the total hours consumed in completing the job by an equivalent labor factor (ELF) for the same duration. Also called equivalent personnel.
equivalent labor is in the Accounting & Auditing and Planning & Scheduling subjects.
equivalent labor appears in the definitions of the following terms: equivalent personnel and equivalent personnel factor
equivalent labor appears in these other term: equivalent labor factor (ELF)
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