Components of Wage Cost, Holiday/Leave Wages, Night Shift Allowance & Absorption Rates
· Chapter
Employee Cost & Direct Expenses
15 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Definition, Scope, and Classification of Employee Cost
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3
Direct Expenses — Definition, Examples, Measurement and Treatment
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4
Efficiency Rating and Employee Productivity
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5
Elements of Wages — Basic Wages and Dearness Allowance
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6
Employee Cost Control — Departments and Key Factors
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7
Idle Time — Types, Causes, and Accounting Treatment
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8
Labour Turnover — Causes, Costs, Effects and Minimization
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9
Labour Utilisation — Statement, Wage Analysis, and Cost Centre Identification
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10
Overtime — Definition, Calculation, Legal Provision, and Treatment
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11
Payroll Procedure and Statutory Deductions
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12
Premium Bonus Plans — Halsey and Rowan
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13
Systems of Wage Payment — Time Rate and Piece Rate
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14
Time Booking and Job Cards — Types, Purposes, and Trade-offs
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15
Time Keeping — Objectives, Methods, and Requisites
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