"labor budget" is a correct and commonly used phrase in written English.
It refers to the portion of a company's budget that is allocated for salaries, wages, and other labor-related expenses. Example: "As part of our cost-cutting measures, the company has decided to reduce the labor budget by 10% for the next fiscal year."
For his part, Scottish Labor leader Jim Murphy accused the SNP of reckless politics, saying it was "willing to bring down a Labor budget" to advance its own cause.
His government turned Labor budget deficits into surpluses.
Cox had a stellar record as governor, with reforms of rural schools, labor, budget and public administration, roads and prisons.
When the labor budget is low, store managers cannot increase staffing levels, even when they know it will make the store more profitable.
The club's maintenance labor budget is higher than those of most clubs its size, but Carlson said his net costs were the same "because of the money we save on traditional pesticides, which are very expensive".
Investment in employees allows for excellent operational execution, which boosts sales and profits, which allows for a larger labor budget, which results in even more investment in store employees.
Because labor budgets at many retail chains are set as a percentage of sales, they take a hit when sales drop.
The employee explained that under Amazon, Whole Foods workers are expected to do more with restricted labor budgets and often perform duties above their rank without being properly compensated.
Retailers such as QuikTrip, Mercadona, Trader Joe's, and Costco instead create a virtuous cycle of investment in employees, stellar operational execution, higher sales and profits, and larger labor budgets.
Ton spent years at Harvard and then at the MIT Sloan School of Management, where she is an adjunct associate professor of operations management, studying a vicious circle: Understaffing and high turnover lead to operational problems, which lead to low sales and profits, which lead to low labor budgets, which lead to understaffing and high turnover.
Most executives expect clinical staffing shortages during the next 12 months, as well as growing labor budgets to accommodate staffing demand, to add to the volatility.
