Man-Year

DEFINITION of 'Man-Year'

A method of describing the amount of work done by an individual throughout the entire year. The man-year takes the amount of hours worked by an individual during the week and multiplies it by 52 (or the number of weeks worked in a year). The man-year calculated will be different for various industries depending on the average number of hours worked each week and the number of weeks worked per year.

BREAKING DOWN 'Man-Year'

There are two main reasons why an organization may calculate the man-year applicable to its employees.

For one, that organizations may use the man-year along with sales or cost figures as a performance metric. For example, a company may calculate a sales per man-year metric and compare it to values from previous years.

The second reason a company would calculate the man-year would be for budgetary reasons. For example, a corporation may calculate the total man-years for various offices that it operates and allocate budgets according to office size.

RELATED TERMS
  1. Employment-To-Population Ratio

    A macroeconomic statistic that takes the ratio of the total working ...
  2. Days Working Capital

    An accounting and finance term used to describe how many days ...
  3. Yearly Rate Of Return Method

    More commonly referred to as annual percentage rate. It is the ...
  4. Unit Benefit Formula

    A method of calculating an employer's contribution to an employee's ...
  5. Working Capital

    Working capital is a measure of both a company's efficiency and ...
  6. Revenue Per Employee

    An important ratio that looks at a company's sales in relation ...
Related Articles
  1. Professionals

    Are We Becoming 24-Hour Workers?

    Many employees are working more than 40 hours a week, and even when they’re not physically at work, they’re still mentally and digitally connected.
  2. Forex

    Working Capital

    Working capital is one of the basic metrics used to evaluate a company's financial health. Find out what it can tell you about a stock and learn how to calculate it.
  3. Personal Finance

    Does a Shorter Work Week Lead to Greater Productivity?

    While technology has significantly increased labor productivity, institutional changes, such as a shorter work week, could also be very productive.
  4. Economics

    Calculating Days Working Capital

    A company’s days working capital ratio shows how many days it takes to convert working capital into revenue.
  5. Investing

    Calculating The Means

    Learn more about the different ways you can calculate your portfolio's average return.
  6. Retirement

    11 Social Security Calculators Worth Your Time

    The safest Social Security calculators to use when figuring benefits are on the official website. The best are the ones that access your actual record.
  7. Entrepreneurship

    Take Yourself Seriously - Even When Others Don't

    Working from home is a dream for many, but sometimes the dream doesn't match up to the reality.
  8. Forex Education

    2. Calculate The Average Monthly Range

    Learn how to make better options trades with the average monthly range.
  9. Forex

    Earnings Per Share Explained

    Earnings per share is one of the most carefully followed metrics in investing. We show you why this ratio matters and how to calculate it.
  10. Entrepreneurship

    4 - Reduced Working Hours

    Many think working from home would be easy but this is a misconception. Learn the myths behind telecommuting and running a home-based business.
RELATED FAQS
  1. How is productivity calculated?

    Learn about productivity, what productivity measures and how to compute a company's productivity level by measuring its outputs ... Read Answer >>
  2. What is the point of calculating gross sales?

    Learn how doing simple gross sales and gross profit calculations can serve to help change a company's profit ratio and overall ... Read Answer >>
  3. What does high working capital say about a company's financial prospects?

    Learn about net working capital and what a high figure indicates about a company's financial prospects, including the importance ... Read Answer >>
  4. What can working capital turnover ratios tell a trader?

    Find out how to calculate and interpret a company's working capital turnover ratio. Learn why a high ratio is good but an ... Read Answer >>
  5. What does low working capital say about a company's financial prospects?

    Find out what it means when a company has low working capital, including how this metric is interpreted based on business ... Read Answer >>
  6. What does a low working capital ratio show about a company's working capital management?

    Find out the significance of working capital management for a company and look at the working capital ratio analysts use ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center