Business Pitch Dictionary by pitch.dog
Retention, engagement & workforce metrics · Working

Lost-time rate

Also called: LTR

ELI5

A number showing work time lost because of specified events, often safety-related.

Used in conversation

“Compare lost-time rate with the same cohort and period before drawing a conclusion.”

Definition

A measure of work time lost because of specified events, often safety-related.

Here “Lost-time rate” means: A measure of work time lost because of specified events, often safety-related.

Pitch context

You will see “Lost-time rate” in organisation plans, workforce reviews, change programmes and people reports when the discussion reaches retention, engagement & workforce metrics.

Why it matters: In retention, engagement & workforce metrics, the scope can change what data may be used, who may access it and which controls are required.

Caution

Employment law and workplace practice vary by jurisdiction and agreement.

Sources & evidence · 3

Direct term-level sources and supporting source families.