The costs of the enterprise for labor remuneration have a large specific weight relative to the total cost of production. In this regard, the organization should pay great attention to the economic analysis of wages, which will allow evaluating the results of work and identifying opportunities for increasing production efficiency and reserves for the formation of growth resources.
Instructions
Step 1
Calculate the absolute deviation rate, which shows how much the actual amount spent on wages differs from the planned costs. Analyze the difference between these sums. This indicator characterizes cost overruns or savings, changes in the number and structure of personnel, the ratio of overtime and normal hours of work.
Step 2
Take into account the degree of fulfillment of the production plan by determining the relative variance in wages. This indicator is equal to the actually accrued wages minus the adjusted base fund. The latter value is equal to the constant sum of the planned wages plus the variable sum multiplied by the production volume index.
Step 3
Determine the impact on the absolute deviations of wages in relation to the main factors of production. Consider the change in headcount, which is the difference between actual and projected headcounts multiplied by projected average wages. Analyze the impact of changes in average wages. To do this, calculate the difference between the actual and planned average wages and multiply by the actual number of workers.
Step 4
Calculate the indicator of the wage intensity of the product. It is equal to the ratio of the actual amount of the payroll to the gross proceeds from the sale of production products. The normal development of production is characterized by a decrease in wages in proportion to labor intensity, while it is controlled by an increase in labor productivity and average wages. For a long-term balanced economic activity of the enterprise, it is necessary that the rate of growth of productivity outstripped the rate of growth of wages.
