{"id":5764,"date":"2022-01-07T13:39:33","date_gmt":"2022-01-07T13:39:33","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/total-labor-cost\/"},"modified":"2022-04-18T10:05:23","modified_gmt":"2022-04-18T04:35:23","slug":"total-labor-cost","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/total-labor-cost","title":{"rendered":"Total labor cost"},"content":{"rendered":"

The total labor cost (TLC) is used to calculate the total labor cost. The calculation involves multiplying the number of employees in a company by the average hourly rate. 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