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Labour Cost – Ten Questions Quiz Part 2 !

Labour Cost

Labour cost is a vital factor not only affecting the cost of production but also industrial relations of the organization. No organization can expect to attract and attain qualified and motivated employees unless it pays them fair remuneration. Employee remuneration therefore influences vitally the growth and profitability of the company. For employees remuneration is more than a means of satisfying their physical needs. Wages and salaries have significant influence on our distribution of income, Consumption savings employment and prices. Thus employee remuneration is a very significant issue from the viewpoint of employer’s employees and the nation as whole.

Here is an interesting Ten Questions quiz on the Labour Cost.

Take This Challenge !

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