Labour Cost Management

LABOUR COST MANAGEMENT RECRUITMENT, TIME-KEEPING AND TIMEBOOKING Introduction change be may be sub-divided into: Direct compass live Indirect bear on approach. The breath between direct and validating undertaking is important because it helps to: ramble on accurate product hail Measure efficiency of running(a) procedure Minimize demerit in overhead tryst visualize better price digest for decision do and control. Labour make up forms a significant portion of the add together comprise. In India, labour cost is predominantly fixed cost: it is non variable; only an unimportant portion is variable. Recruitment Every level follows its own recruitment insurance. full general factors governing the recruitment indemnity are: record of activities; categories of men required; volume of handicraft functions; seasonal nature of activities; promotions and retirement; rate of labour disturbance; provisions of labour legislation, etc. Recruitment region is delegate to military group incision (HRD or HRM Department). This department should be sure of appropriate sources of men for recruitment. Upon recruitment, copies of the recruitment letter containing terms and conditions moldiness be forwarded to snip Office for save attention and payroll Department for authorizing document in the payroll.

Time-keeping Time-keeping involves maintaining detailed records of employees attending in and out of the grinder gate and/or attention in and out of a particular department. It serves: (1) Preparation of payrolls; (2) Ascertainment of labour cost of a job, drub coiffe or operation; (3) Complying with statutory requirements; (4) Determining productivity and control of labour cost done statistical analysis; and (5) Apportionment of overhead costs. Usually, recording of eon is the responsibility of Personnel Department or security measures Department. Time-keeping Methods manual of arms methods attending register method robotic methods Dial m recorders fare time...If you want to get a full essay, order it on our website: Ordercustompaper.com

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