Factor analysis of profitability on labour costs
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 6, Issue
Abstract
Introduction. In accordance with modern market requirements, each enterprise should pay maximum attention to the efficiency of the use of resources. But, for the most part, the consideration of this issue is to increase the efficiency of the use of material resources, while the system and wage fund remain almost non-illuminated at a time when the level of efficiency of the operation of the enterprise depends on the labour force itself. Purpose. The purpose of the research is to consider the theoretical basis for assessing the efficiency of using labour costs at enterprises and constructing a factor analysis model for profitability of labour costs. Results. Of great importance for assessing the effectiveness of the use of labour resources in a market economy is the rate of return on labour costs, which allows you to assess the level of efficiency of expenditures aimed at the payroll. The factor analysis of the profitability of labour costs, which takes into account the influence of factors such as net profitability of sales, turnover rate of commodity products, labour productivity and average wages by the enterprise, is developed. The economic content of the influence of the proposed factors on the level of profitability of labour costs is described. Thus, the average wage characterizes the level of remuneration for the investigated enterprise, the excessive growth of which leads to a reduction in the profitability of labour costs, and a reduction - to a decrease in labour productivity, as the incentive function of wages is lost. Labour productivity characterizes the efficiency of the use of labour resources in production, and the turnover of commodity products - the process of transformation of commodity products into revenue from sales, that is, the transition from the production sphere to the sphere of circulation. The net profitability of sales characterizes the final stage of the formation of efficiency - the efficiency of the process of selling products (goods, works, services). Conclusion. The proposed model includes factors characterizing various stages of the process of formation of profitability of labour costs.
Authors and Affiliations
Lina Olehivna Ruban, Olena Oleksandrivna Vlasenko
Keywords
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