(じんけんひ)

じんけんひ
noun
labor costs; personnel expenses
businesseconomics
1. labor costs; personnel expenses
The total cost of employing staff, including salaries, benefits, and related expenses. A key term in business and accounting.
人件費(じんけんひ)削減(さくげん)する
To reduce labor costs.
Labor costs account for the majority of expenses.
More companies are relocating factories overseas to keep labor costs down.

Composed of 人件(じんけん) (personnel matters) + () (expense, cost). Refers to all expenses related to employing people, including wages, bonuses, social insurance, and benefits.

Common collocations

Similar words

Usage

This is a standard business and accounting term. In Japan, 人件費(じんけんひ) is a frequent topic in news about corporate restructuring, as companies often look to reduce it through automation, outsourcing, or relocation.