answersLogoWhite

0

Direct labor savings are savings that a company receives from reducing current labor costs, whereas cost avoidance is savings from an expected increase in expenses. This increase could be due to opportunities driven from direct procurement management and decisions, although the additional expenses might not have been budgeted for directly.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Management

What are the difference between managerial and non managerial levels?

Discuss the difference between managerial and non managerial tasks?


What is the difference between ihrm and hrm?

The difference between IHRM and HRM is that IHRM deals with much broader perspective while HRM deals with narrow perspective.


What is the difference between decision making and problem solving in a managerial concern?

The difference is that decision making usually come first than problem solving.


Difference between managerial and non-managerial roles?

Managerial EmployeesIn larger organizations, management is often broken down into three levels -- upper management, middle management and lower management. Upper management includes top executives who are highest on the management hierarchy. Middle management includes department managers and division managers, who are the communication link between upper and lower management. Lower management includes first-line managers and supervisors, who are on the bottom of the management hierarchy. In smaller organizations, there is often only one level of management between the non-managerial employees and the organization's leaders. Smaller organizations also generally have fewer managers than larger organizations.Non-Managerial EmployeesNon-managerial employees are placed into categories according to their job functions. In an office environment, non-managerial job titles may range from administrative assistant to payroll specialist to computer technician.


Is risk management about controlling risk not avoiding risk?

Avoidance is the best means to control the risk.If your efforts at avoiding the loss are successful it means you will save your business from the loss.That's why avoidance is considered as the first step in risk management process.But there is a difference between avoiding risk and accepting risk.Avoiding risk means that you are not going to do anything with the risk.But in accepting the risk you are actually doing something as you have accepted its impacts.

Related Questions

What are the difference between managerial and non managerial levels?

Discuss the difference between managerial and non managerial tasks?


What is the Difference between economics and manegrial economics?

difference between economics and managerial economics


A basic difference between managerial accounting and financial accounting is that managerial accounting?

One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.


Difference between the tax planning and tax avoidance?

Tax planning is legal while tax avoidance will get you into a lot of trouble


What is the difference between avoidance personality and avoidance personality disorder?

In the personality it does not necessarily interfere with your life it is just who you are, the disorder is a chronic condition that cripples you.


Difference in modern and traditional techniques of managerial control?

difference between modern and traditional techniques of controlling


What is the difference between greatness and madness?

perspective.


What is the difference between ihrm and hrm?

The difference between IHRM and HRM is that IHRM deals with much broader perspective while HRM deals with narrow perspective.


Relation between managerial tasks and managerial levels?

Relation between managerial tasks and managerial levels


Differentiate western perspective from Asian perspective?

The difference between western perspective and Asian perspective is western perspective is more 'realistic'. [P.S. this has nothing to do with gorillas }:(]


What is the difference between decision making and problem solving in a managerial concern?

The difference is that decision making usually come first than problem solving.


Difference between managerial and operational MIS?

laura me milo mc boor ka bal