DISCUSS the remedial steps to be taken to minimize the labour turnover.
CA Intermediate · Cost and Management Accounting · MTP · January 2026
DISCUSS the remedial steps to be taken to minimize the labour turnover.
Suggested Answer and Working Notes:
(a) The following steps are useful for minimizing labour turnover: (a) Exit interview: An interview to be arranged with each outgoing employee to ascertain the reasons of his leaving the organization. (b) Job analysis and evaluation: to ascertain the requirement of each job. (c) Organization should make use of a scientific system of recruitment, placement and promotion for employees. (d) Organization should create healthy atmosphere, providing education, medical and housing facilities for workers. (e) Committee for settling workers grievances.
Topics: Marginal Costing, Employee Cost & Direct Expenses
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