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Essay

Value of Time

Essay specific features

 

Issue:

Business

 

Written by:

Ray V

 

Date added:

November 16, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

10 / 2529

 

Was viewed:

6321 times

 

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Essay content:

The value of working time is the opportunity cost of that time to the employer, which is generally equivalent to the salary of the worker. For example, if a worker is on a salary of ?15 per hour travels to a meeting, the value of time in that case is ?15 per hour, because that is the amount the employer would be willing to pay to reduce travel time (as travel time can be considered to be "wasted", i...
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not spent working). According to the UK Department for Transport, calculation is done for the average values of time for travel on various modes of transport so that these values can be used to appraise transport projects. The non-working time is calculated the time spent outside work, which might include journeys to and from work and leisure journeys...
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