concepts
type: Collection
type: ConceptGroup
member: labor costs

entrepreneurial leadership and human resources
type: Concept
narrower: labor costs

labor costs
type: Concept
broader: entrepreneurial leadership and human resources
definition: Labor costs are those expenses incurred by a new venture in the acquisition, development, engagement, and disengagement of the human capital necessary for its current and future operations. It is useful to think of labor costs as falling into three major categories—direct, indirect, and overhead. [Source: Encyclopedia of New Venture Management; Labor Costs]