In this article we will discuss about:- 1. Meaning of Labour Turnover 2. Causes of Labour Turnover 3. Measures to Reduce Labour Turnover 4. Measurement of Labour Turnover 5. Costs of Labour Turnover 6. Treatment of Cost of Labour Turnover. Meaning of Labour Turnover: Labour turnover is the movement of people into and out of the organization. It is usually [...]
In this article we will discuss about:- 1. Accounting Treatment of Overtime Premium 2. Control of Overtime Premium 3. Disadvantages of Overtime Working. Overtime premium is paid to the workers for the extra time worked than the normal working hours specified in the Factories Act, 1948 or work agreement with the union. The extra time is paid at a higher [...]
In this article we will discuss about the causes of Idle time of workers. Also learn about the accounting treatment of idle time. In the production process, lost time may occur for several reasons. The idle time is the difference between hours paid and hours worked. Where the workers are paid on time basis, the idle time is the difference [...]