List the important factors which need consideration for controlling employee costs. OR Discuss the uses of Bill of Material in the following…

The main points which need consideration for controlling employee costs are the following: (i) Assessment of manpower requirements. (ii) Control over time-keeping and time-booking. (iii) Time & Motion Study. (iv) Control over idle time and overtime. (v) Control over employee turnover. (vi) Wage and Incentive systems. (vii) Job Evaluation and Merit Rating. (viii) Employee productivity. OR (c) Uses of Bill of Material Marketing (Purchase) Dept. Production Dept. Stores Dept. Cost/ Accounting Dept. Materials are procured (purchased) on the basis of specifications mentioned in it. Production is planned according to the nature, volume of the materials required to be used. Accordingly, material requisition lists are prepared. It is used as a reference document while issuing materials to the requisitioning department. It is used to estimate cost and profit. Any purchase, issue and usage are compared/verified against this document.