laborbudget
nounUK /ˈleɪbə ˈbʌdʒɪt/
US /ˈleɪbər ˈbʌdʒɪt/
A plan for how much work and money you will need to get a job done.
The builder made a labor budget to see how many workers the new house would need.
OTHER MEANINGS
2. The total amount of money set aside to pay workers.
The labor budget for the project was higher than expected.
3. A limit on how many hours people can work.
The manager checked the labor budget before adding extra shifts.
4. In farming, a plan for how much help is needed during harvest.
The farm's labor budget showed they needed ten pickers in autumn.