Labour cost holds a substantial proportion in the total costs. Labour cost is directly concerned with the human beings. Therefore, it is very difficult to control it. However , many industrial organisations have used various control devices to control this cost . But co-operation and co-ordination among various departments is the key requisites to control this cost.
I n a well managed organisation , various departments are set up for accounting and control over labour cost . They are as follows,
1) Personal department
2) Engineering and work study department
3) Rate or Time and motion study department
4)Time keeping department
5) Payroll department
all these departments are involved , by one-way or another , to control labour costs.
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