Glossary
Labor Cost Management Glossary. 22 Key Terms Defined
Definitions for 22 essential labor cost and payroll terms across cost calculation, overtime rules, scheduling, time capture and forecasting. Compiled by WorkEasy Software.
This glossary defines 22 essential terms in labor cost management, organized into five sections covering foundational cost concepts, pay-rule components, time capture and data quality, scheduling and workforce levers, and forecasting and budgeting. Each entry is scoped to the workforce-time-and-pay-rule context used by HR, payroll and operations leaders. Compiled by EasyClocking by WorkEasy Software as the vocabulary reference for teams working to control labor spend and forecast payroll without cutting headcount.
Foundational Cost Concepts
Establishes the core calculation vocabulary, including formulas, ratios and cost components, that every other category builds on.