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Labour Cost Control

Labour cost refers to the amount of money paid to the people who are engaged in the production of goods. In manufacturing businesses, often management will break down labour cost into direct cost and indirect cost. The nature of labour whether it is direct or indirect depends upon the contribution of labour towards production. If […]

Labour Cost

Labour cost constitutes a significant portion of the total cost of a product manufactured or service rendered. Efficient and effective utilisation of labour, therefore, is an important need of the modern business world. To this end, everything concerned with employment and utilisation of the labour force should be looked into carefully. Contents Introduction to Labour […]

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