## Hours Bought (Bodyshop)
### Total Number of Hours Paid to Productive Personnel
### Guideline: See Hours Attended
### Description:This
term represents the total number of hours that you pay your Productives, or in other words it represents the total Productives
salary for the specified period. It includes time spent at the dealership, time spent on training courses, sickness and holiday pay. For
statistical purposes, and the calculation of key performance
indicators, Hours Bought is never considered in any equation. For the
most part, it is usually seen in business plans and annual budgets so
that an accurate forecast of cost can be attained. For
instance, there are fifty-two weeks in the year of which four weeks
could be allocated to holiday, two weeks allocated to training, and one
week could be allocated for sickness.
### Example:A) Training = 80 hours (2 weeks) B) Holiday = 160 hours (4 weeks) C) Sickness = 40 hours (1 week) D) Attended Hours = 1800 (45 weeks) E) Total Hours Bought = 2080 (52 weeks)
### Discussion:Simply
by multiplying the hourly rate that you pay to your Productives you are
able to calculate a reasonably accurate forecast in each sector listed.
### Related Terminology: |