Discuss Time Keeping and Time Analysis

Discuss Time Keeping and Time Analysis

- The efficiency and accuracy of recording and analysis of labour time is relevant for the control of labour cost. The inter-relatedness of activity involved should be recognized as shown in Figure below


1. Time Keeping Records
Payment should only be made to employees who have actually spent time in the work place and at the agreed rate. Overtime premiums should be applied where applicable supervisors should ensure that employees paid fixed salaries always work within the required time. They should have a detailed record of time spent on the firm for workers paid on hourly basis. They should sign in and out shifts. They should also have a clock which must be signed by the supervisor before being forwarded to the wage department.

2. Time Analysis
The employee should complete a daily or weekly shift where they record hours worked and idle hours. Every shift must be authorized by the supervisor. The analysis of employees' time will facilitate
1. The correct charge of direct labour cost to each job.
2. The correct charge of indirect labour cost to cost centre.
3. The calculation of employees? bonuses.
4. Control of labour cost by job and cost centres.
5. Measurement of efficiency

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Wilfykil answered the question on August 5, 2019 at 13:08

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