Labour Cost Management

LABOUR COST MANAGEMENT

RECRUITMENT, TIME-KEEPING AND TIMEBOOKING

Introduction
agitate be may be sub-divided into: Direct labour cost Indirect labour cost. The trace between direct and indirect labour is important because it helps to: jog accurate product cost Measure efficiency of surgical procedure Minimize error in overhead allocation visualize better cost analysis for decision making and control. Labour cost forms a significant portion of the total cost. In India, labour cost is predominantly fixed cost: it is non variable; only an insignificant portion is variable.

Recruitment
Every steady follows its own recruitment insurance. General factors governing the recruitment policy are: nature of activities; categories of manpower 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 Personnel Department (HRD or HRM Department). This department should be sure of appropriate sources of manpower for recruitment. Upon recruitment, copies of the recruitment letter containing terms and conditions moldiness be forwarded to Time Office for recording attendance and payroll Department for authorizing enrolment in the payroll.





Time-keeping
Time-keeping involves maintaining detailed records of employees attendance in and out of the factory 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) 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 Department.

Time-keeping Methods
manual of arms methods Attendance register method Mechanical methods Dial m recorders Card time...If you want to get a full essay, order it on our website: Orderessay



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