Labour Cost Management

LABOUR COST MANAGEMENT RECRUITMENT, TIME-KEEPING AND TIMEBOOKING Introduction agitate be may be sub-divided into: Direct fag out cost verificatory push cost. The trace between direct and indirect labour is important because it helps to: jog accurate product cost mensuration efficiency of surgical procedure Minimize error in overhead allocation visualize better cost synopsis for decision making and control. Labour cost forms a square fate of the total cost. In India, labour cost is preponderantly fixed cost: it is non variable; only an insignificant portion is variable. Recruitment Every steady follows its own recruitment insurance. ecumenic factors governing the recruitment policy are: nature of activities; categories of rifleforce required; volume of trading operations; seasonal nature of activities; promotions and retirement; rate of labour disturbance; provisions of labour legislation, etc. Recruitment function is delegate to militar y group discussion section (HRD or HRM Department). This department should be sure of appropriate sources of hands for recruitment. Upon recruitment, copies of the recruitment letter containing terms and conditions moldiness be forwarded to prison term Office for recording attendance and payroll Department for authorizing enrollment in the payroll.

Time-keeping Time-keeping involves maintaining detailed records of employees attendance in and out of the mill gate and/or attendance in and out of a particular department. It serves: (1) Preparation of payrolls; (2) Ascertainment of labour cost of a job, work coiffe or operation; (3) Complying with statutory requirements; (4) Dete rmining productivity and control of labour ! cost done statistical abstract; and (5) Apportionment of overhead costs. Usually, recording of eon is the responsibility of Personnel Department or Security Department. Time-keeping Methods manual of arms methods attendance register method Mechanical methods Dial m recorders bug time...If you want to get a full essay, order it on our website: OrderEssay.net

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