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View All NewsWord of the week: Gross margin
August 08, 2017
“Gross margin” is described in this year’s edition of Staffing Industry Analysts’ online lexicon of workforce solutions ecosystem terms as the difference between the bill rate for the temporary services and the direct costs of employment (pay rate plus burden and/or mandatory benefits). For the full definition, go to lexicon.staffingindustry.com. As the ecosystem evolves, SIA’s mission is to keep the language current for professionals in the space.