labour_management

May 20th, 2015
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Abraham Lincoln University
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For specific job For regular but additional production Negligence or delay in one particular department Abnormal causes

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Labour Cost managementADMLabour costWages : direct monetary incentiveIndirect monetary incentive:1.Profit sharing/bonus2.Co-partnership ( management/equity holding)Non monetary incentivesBetter working conditions:Health & safetyCanteenHousingEducation & trainingRetirement benefitsLabour Time Normal working hours Overtime Idle time: unavoidable/avoidableExampleMachine capacity: 48 hours per weekNo. of working weeks: 50Expected working hrs: 80% of max hrsActual hrs worked: 1,800Idle time: in hrs Waiting for instructions: Waiting for materials Machine breakdown Total idle timeCalculate the idle facilities40203090Answer Max capacity: 48*50=2,400 Budgeted/std(80%):1,920 Unavoidable 480Actual recorded 1,800Idle time90Total1,890Budgeted1,920Avoidable idle facilitie30Idle facilities vs time Idle facilities: plant capacity utilization Idle time: labour time utilizationTreatment of Overtime Labour turnoverOvertime For specific job For regular but additional production Negligence or delay in one particulardepartment Abnormal causesLabour turnover Preventive costs Replacement costs

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