what are the importance factors for controlling the labour cost
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Labor cost control reduces the cost of production of products manufactured or services rendered. Labor cost control ensures the satisfaction of the workers by creating a good working environment in the factory. Labor cost control helps to adopt the fair system of wage payment and to minimize labor turnover.
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Labor cost covers one of the major portion of the total cost of a product or job. It may increase unnecessarily due to inefficiency of workers, wastage of materials by workers, idle time, unusual overtime work and high labor turnover.
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