Manpower Calculation
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Can anybody help me with how to calculate the manpower costing of a particular company for benchmarking with other companies?
Please let me know what components we need to consider when doing manpower costing.Regards,Poornima
All the above (and some more too) are calculated and then finally divided by the total headcount of the organization for the year. This gives us the organization's Manpower Cost per employee.For an Individual Cost to the Company, the TOTAL COMPENSATION PHILOSOPH...
Major components of Manpower Costing are:1\. Wage Bill2\. Recruitment Costs3\. Training Costs4\. Employee Welfare Costs - Canteen, Loans, Picnics, Off-sites, etc.5\. Increment/Performance Linked Incentive Costs6\. Employee Overheads Costs - Grade-wise eligibilit...
HI Soumya,(The formula and correct logic behind calculation of ATTRITION RATE)((no. Of attritions x 100) / (Actual Employees + New Joined)) /100.Examples:1) Actual Employees No. Of people left No. Of Joined Total Employees(Opening BAL) (Attritions) (Current Head...
Hi Soumya,I have been following a simple format. Check it out; you may find it useful.
Hi Sowmya,I have attached the file along with this email. It covers the entire part of training, recruitment, resignation, absenteeism, etc. You need to keep track on a monthly basis and keep it confidential.I hope it will satisfy your query!Regards,SaravanaExec...
Dear All,I am working for one of the fabrication manufacturing companies. While working here, I would like to understand how manpower limits are defined. For example, is there a calculation based on a percentage of the turnover or a percentage of the material in...
Dear Chandan,Thank you for your reply, but to be frank, I am not able to understand the calculation. In short, could you please let me know how many hours will be required if we have a production of 250 tons per month on a man-hour basis?Regards,Sankalp Halgekar...
Dear Sankalp Ji,The GRAICUNAS Theory of Superior-Subordinate relationships is outlined as follows:- Direct single relationship = n- Group relationship = n(2n-1)- Cross = n(n-1)Here, 'n' represents the number of subordinates reporting to a supervisor.Thanks,chand...