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PREFACE

Labour is one of the most important cost components in a manufacturing concern. It directly attributes to the cost of the product. Hence, the efficiency of the labour directly contributes to the manufacturing cost. Higher is the efficiency lower is the product cost and vice versa.

There are two types of work force mainly: Direct labour: This is also called the variable labour and hence constitutes the variable cost of the product and directly proportional to the volume which is also the subject matter of this project. Indirect Labour: This does not vary proportionately to the volume and not directly involved in the production.

SIGNIFICANCE OF THE PROJECT


Any activity without any use is wastage of efforts, money & above all the time. So if there is no advantage of doing any particular activity, that activity is worth not to be done. Following are the main advantages of this work undertaken by me & the benefits to the organization, which has been approached for this work: As this is the first research work undertaken by me, this research work has been particularly helpful for me in the manner that this exercise made me feel the practical aspects of organizational research instead of just providing a theoretical exposure to the concepts. This study will help the organization for promoting different courses for different sections of employees according to their needs. The organization itself can take this project as a document that can help them in implementation of various plans & policies in a more efficient & effective manner.

OBJECTIVE OF THE STUDY


The project entitled Labour Efficiency which was undertaken at Osram India Pvt. Ltd., Sonepat, is related to the efficiency of labour in each and every line of the company. The main objective of the study is: To analyze the efficiency of labour. To know the actual output per hour for different lines of Osram India Pvt. Ltd. To assist management to compute the actual labour cost per lamp To reveal the trend of costs of labour over a period of time in order to assist management to optimize the labour cost.

SCOPE OF THE STUDY


ACTUAL PRODUCTION is the amount of goods and services that a worker produces in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity can be measured for a firm, a process, an industry, or a country. It was originally (and often still is) called labor productivity because it was originally studied only with respect to the work of laborers as opposed to managers or professionals. It became quite difficult rather impossible to make judgment about the position of any business by way of analyzing the Actual Production per Hour of 3weeks. The present study covers a period from 21st MAY-10th JUNE. A large period may prove inconvenient while a short period would not give desired result.

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