Professional Documents
Culture Documents
Unavoidable Causes:
Social unrest
Due to political reasons or on the ground of health, change of place. Effect of Labour Turnover:
High labour turnover indicates high cost. The workers who are efficient find their places elsewhere. So, if the efficient workers become dissatisfied with the organization, & leave the job, new set of workers will replace them, but they cannot be expected to give the same output as given by the outgoing efficient workers, from the beginning of the employment. Thus the output will fall & will result in higher cost. On the other hand, if labour turnover is low, it cannot be said that cost of production shall also be low. If average workers in the organization do not have the standard efficiency, they will not be able to find jobs elsewhere. As a result they will not move & labour turnover ratio will become low. But these workers cannot give standard output as they themselves are below standard. More scarps are created by them resulting in higher cost. Output is normally effected by frequent changes in staff & as a result cost increased.
These represent those costs which if incurred; then the leaving of the workers can be prevented.
For example: Cost of providing better medical, housing, educational facilities, better recreation etc.
Replacement Costs:
These are those costs which have to be incurred in connection with the replacement of workers who left. For example:
If workers on training meet accident, compensation payable to them. Online Live Tutor Causes of Labour Turnover Cost of Labour Turnover:
We have the best tutors in Accounts in the industry. Our tutors can break down a complex Causes of Labour Turnover, Cost of Labour Turnover problem into its sub parts and explain to you in detail how each step is performed. This approach of breaking down a problem has been appreciated by majority of our students for learning Causes of Labour Turnover, Cost of Labour Turnover concepts. You will get one-to-one personalized attention through our online tutoring which will make learning fun and easy. Our tutors are highly qualified and hold advanced degrees. Please do send us a request for Causes of Labour Turnover, Cost of Labour Turnover tutoring and experience the quality yourself.
If you are stuck with an Effect of Labour Turnover, Preventive Costs, Replacement Costs Homework problem and need help, we have excellent tutors who can provide you with Homework Help. Our tutors who provide Effect of Labour Turnover, Preventive Costs, Replacement Costs help are highly qualified. Our tutors have many years of industry experience and have had years of experience providing Effect of Labour Turnover, Preventive Costs, Replacement Costs Homework Help. Please do send us the Effect of Labour Turnover, Preventive Costs, Replacement Costs problems on which you need help and we will forward then to our tutors for review.
Other Topics under Labour and Machinery Cost Accounting for Wages Bonus for Indirect workers Comparison of Halsey & Rowan Scheme Emersion efficiency system
Halsey scheme, Rowan Scheme Job Evaluation, Merit Rating Labour- Group Bonus Plan Labour - Introduction Labour Remuneration-Introduction Labors Remuneration on Result basis Labor's Remuneration on Time Basis Labour- Time Keeping Labour Turnover Merit Rating, Work Study Other incentive Schemes Pay-Roll or Wages Sheet Types of Idle Time Working Time & Idle time