List of Terms – L

Labor agreement / employment agreement / personal work contract

Labor agreement / employment agreement / personal work contract is a binding agreement between employee and employer, creating employer-employee relations, that defines the rights and obligations of the employee within the framework of the workplace and specifies working conditions.
In many cases, working conditions are in accordance with collective agreements and/or collective settlements. In cases of collective labor agreements, a personal labor agreement / contract aims at defining the assignment of the employee within this framework. At workplaces that are not subject to collective agreements / arrangements, a personal contract defines the working conditions.
Personal contracts can be signed for a limited time period, for the duration of a specific project, or until the employer-employee relations are terminated.




Labor costing

Labor costing, or activity-based costing refers to the labor distribution and job allocation for a specific task. Often difficult to track, a workforce management solution can collect, analyze and monitor this data allowing for continuous monitoring of labor costs and maintaining budget goals.


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Labor regulations / labor laws

Labor regulations is intended to regulate labor relations, employment conditions, work and rest hours, and related conditions such as vacation, sick leave, severance pay, and issues related to the Wage Protection law, such as salary payment date and the amount of the minimum wage.

Part of the labor regulations deals with the rights and obligations of an individual employee and is designed to ensure minimal rights and working conditions. The other part is the legislation regulating collective work relations between labor unions and the employer / employers’ union.


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Learning Management

Learning management process aligns learning programs to individual needs, corporate objectives, career development and succession plans and available budgets and resources.
It manages organization’s learning, training and development processes, from analyzing internal learning needs and training requirements through to course and learning scheduling. 
The process includes three main phases:

  • Identifying the employee’s missing skills and competencies 
  • Defining the training and development means to close these gaps
  • Measuring the outcomes of the process and the improvement.   


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