.Ebook #05-06 Incentive Payroll Calculations Made Easy

SYNOPSIS

Direct labor is usually one of the largest single expenses in a labor intensive factory or company. This means that executives should continually scrutinize the associated costs. Why, because the objective is not to have its people work up to capacity only to wind up losing money at year’s end. As costs rise, controls to spotlight ways to reduce or eliminate those costs become more important.

A payroll system must be credible, provide well thought-out pay policies and spotlight trouble areas. By revealing exactly what your labor losses are you can manage more effectively. For example, a company has serious management problems when their Total Direct Labor Variances (Make-up, Time work and 1/2 time overtime premium) are above 15% (of total direct labor).

This eBook will carefully explain what constitutes a good payroll system and how to best calculate incentive pay. After reading this eBook should you decide to use its wisdom, ideas, suggestions, tools and proven approaches, you will find your yourself becoming more knowledgeable and therefore observant of direct labor losses which will ultimately result in your cutting those losses to manageable levels. To sharpen your executive skills, order this eBook now.