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Labor Surplus Area

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A labor surplus area is an economic region in which the number of prospective—and qualified—employees for positions with a company or companies exceeds the number of jobs available. This state of affairs can be an important component in business success, for businesses operating in labor surplus areas can typically find the personnel they need to conduct their operations at lower payroll expense than can businesses that may have to offer more generous compensation packages to secure even mediocre employees.

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Copyright © 2011 Advameg, Inc.