What are the steps to be taken to reduce labor turnover?

The Steps Used To Reduce Labor Turnvoer In Cost Accounting.

These are the following steps that may be taken to reduce the labor turnover:

  • A sound wage system.

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  • Proper recruitment.
  • A sound promotion and transfer policy.
  • Placement and training, policy etc.
  • Improving working condition.
  • Providing ammunition and welfare scheme.
  • Increasing recreational facilities.
  • Introducing labor participation in the management.
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