Definition of 'Idle Time'Unproductive time on the part of employees or machines as a result of factors beyond their control. Idle time is the time associated with waiting, or when a piece of machinery is not being used but could be. Idle time could also be associated with computing, and in that case refers to processing time.
explains 'Idle Time'Time management is extremely important in any business. This includes timing the completion of one project to coordinate with the beginning of another to reduce idle time. For example, if department A is unable to work on assembly because department B has not finished creating the parts required, the two departments need to be synchronized so that this handoff can go more smoothly, thus reducing idle time.
Generally idle time means that time for which the employer pays, but from which he obtains no production. Otherwise it is the difference between the time for which workers are paid but the workers do not work. So it is a loss to the organisation. It can be minimized but, cannot be controlled during idle time, the workers remain due and contribute nothing towards production. It is the difference between actual hour and actual hour worked. There are two types of idle times:
- management (116)
- First Semester (88)
- HRM (45)
- financial accounting (39)
- microeconomics (39)
- COST / MANAGEMENT ACCOUNTING (34)
- macro economics (32)
- Financial Management (25)
- computer (24)
- corporate finance (20)
- BBA 1 semester (19)
- MIS (19)
- bba 4th semester (18)
- income tax act (17)
- BBA 2 Semester (13)
Thursday, 11 July 2013
Origin and Definition of Statistics The term statistics is believed to have been derived from the Latin word “Statistic”. In ...
The activities of a company associated with buying and selling a product or service. It includes advertising, selling and delivering produ...
An advertising agency or advert agency is a service business dedicated to creating, planning, and handling advertising (and sometimes oth...
Design The design features of PowerPoint allow you to customize the appearance and format of the slides. PowerPoint typically comes ...
To be successful in a changing market environment, it is important that sales managers understand the importance of emerging trends in the...
Interview Preparation An invitation for an interview shows that, on paper, you are the right person required by the organisation for the...
Legal Aspects of Advertising Unfortunately despite several laws meant to protect consumers ...
Consumption , in economics, the use of goods and services by households. Consumption is distinct from consumption expenditure, which is ...
A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given situati...
A document which becomes the basis for recording a transaction in the books of account is called source document. These documents show the...