ENUMERATE the remedial steps to be taken to minimize the labour turnover OR DISCUSS basic assumptions of Cost Volume Profit analysis.

The following steps are useful for minimizing labour turnover: Exit interview: An interview to be arranged with each outgoing employee to ascertain the reasons of his leaving the organization. Job analysis and evaluation: to ascertain the requirement of each job.Organization should make use of a scientific system of recruitment, placement and promotion for employees.Organization should create healthy atmosphere, providing education, medical and housing facilities for workers.Committee for settling workers grievances. OR CVP Analysis:-Assumptions Changes in the levels of revenues and costs arise only because of changes in the number of products (or service) units produced and sold.Total cost can be separated into two components: Fixed and variableGraphically, the behaviour of total revenues and total cost are linear in relation to output level within a relevant range.Selling price, variable cost per unit and total fixed costs are known and constant.All revenues and costs can be added, sub traded and compared without taking into account the time value of money.