Unemployment Rate

Posted in Human Resource Terms, Total Reads: 1032
Advertisements

Definition: Unemployment Rate

The rate of “non-utilisation” of resources in an organisation is referred to as unemployment rate with respect to a company.

In this context it may imply that the resources have been hired by the organisation but not put to productive use. In other words, the value addition from acquiring these resources is nil or zero.

 

Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Unemployment Rate. The Management Dictionary covers over 7000 business concepts from 6 categories.



Share this Page on: