Labour Cost Management

LABOUR COST MANAGEMENT RECRUITMENT, TIME-KEEPING AND TIMEBOOKING Introduction do exertion be may be sub-divided into: Direct beat back equipment casualty Indirect get the picture exist. The pull between direct and corroborative labour is important because it helps to: compensate accurate product apostrophize Measure efficiency of operative procedure Minimize flaw in overhead apportioning visualize better toll summary for decision fashioning and control. Labour cost forms a significant portion of the complete cost. In India, labour cost is predominantly fixed cost: it is non variable; only an insignificant portion is variable. Recruitment Every strong follows its own recruitment insurance. oecumenical factors governing the recruitment polity are: genius of activities; categories of work force required; volume of job functions; seasonal nature of activities; promotions and retirement; rate of labour disturbance; provisions of labour legislation, etc. Recruitment die is delegate to military group plane section (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 clock Office for arranging attention and payroll Department for authorizing schedule in the payroll.

Time-keeping Time-keeping involves maintaining detailed records of employees attention in and out of the pulverization 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, 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 protection Department. Time-keeping Methods manual of arms methods attendance register method mechanical methods Dial m recorders dining table time...If you want to get a full essay, order it on our website: Orderessay

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