MAN-YEAR
A method of measuring the amount of work done by a person within one calendar year. To get the man-year of an individual, take the number of hours worked by an individual during the week and multiply it by 52 or the number of weeks worked in a year. Computing it varies among industries, depending on the average number of hours worked every week and the number of weeks worked every year.
Organizations compute their employees’ man-year for two reasons: to use it as a performance metric, together with sales or cost figures; and for budgetary purposes.
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The total cost of an option.
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