Published Dec 17, 2022
2 mins read
425 words
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Academics and Education

Importance And Elements Of Labour

Published Dec 17, 2022
2 mins read
425 words

Labour is an important element of cost and for overall cost control and reduction labour is of Paramount importance is also called as employee cost however for control under reduction it is essential to compute the scientific manner and hands they should be proper system and process of documentation which will help computation of a human aspect involved in it before they should be a comprehensive study of all related aspect of computation and control over the same will be possible attention should also be paid to the productivity aspect low will result in higher labour until while higher product you will reduce the labour cost as per Accounting standard 7 Limited revision 2017 is the benefit paid or payable in all forms of consideration given of the service surrender by employee identify with the product unit it can also be described as all incurred for alert in the construction composission or condition of the product indirect labour cost is the cost which cannot be identified with a product it represents the amount of wages which is paid to the worker who are not directly engaged on the production but it includes we just paid to the worker and assistant effective control over the labour can be achieved through proper product and planning includes activities like planning schedule in rotating machine loading product and process engineering work study extra with the help of work study time and motion study can be conducted which will help in fixation of standard time for a particular job budget and budget are you control or effective tools can be prepared which will set that target will again facilitate comparison between a budget and actual standard conditions to which the actual compared which should we have been in curd for producing a particular quantity incentive schemes improve the labour productivity in one of the important ways to reduce the cost per unit productivity can be improved by motivating the workers offering monitoring and non monetary incentives can help to provide and improve substantially however they should be a periodic review of The incentive schemes and their four incentive scheme report should be prepared at them periodic intervals the guidelines of a certaining the cost shall be gross paincluding all allowances along with the employee of for all benefits remuneration to the managerial personal including executive directors on board and other offices of the corporate body under a statue will be considered as a part of employee cost under your reference part of remuneration is considered as a percentage of profits.

Labor
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noorul.ruwaitha 12/19/22, 11:18 AM
3
Can u plz read mine too..
3
tinu.george 4/11/23, 2:07 AM
1
Good.. please read mine
1
sb.bala.murugan 4/11/23, 5:30 AM
1
Reference part of remuneration is considered as a percentage of profits
1
siva.raja 4/11/23, 5:59 AM
1
nice...
1
vincent.irudhaya.raj 4/11/23, 6:11 AM
1
Nice
1
dhanyasri 4/11/23, 6:24 AM
1
nice
1
kirthika.ganesan 4/11/23, 11:48 AM
1
Can please read mine too.
1
dhanasekar.m 8/5/23, 3:52 PM
1
i am incuding by self confidence
1
durgadevi.kn.3.cs 8/5/23, 4:07 PM
1
Crazy words
1
22csca07.aviskar.v 8/5/23, 5:50 PM
1
It's helpful for me because I am a b.com student
1
kannadhasan.krishan 8/6/23, 12:59 PM
1
yes
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pratip 8/7/23, 5:41 AM
1
Informative
1
thenmozhi6_ 8/9/23, 12:11 PM
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It was helpful
1
gopinath.gopinath 8/15/23, 5:12 AM
1
Informative
1
monisha.musthapa 8/16/23, 7:11 AM
1
Great writing skill
1
sri.devi05 8/16/23, 2:03 PM
Awesome!

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