ЕДИН МОДЕЛ ЗА АНАЛИЗ НА РЕНТАБИЛНОСТТА НА БАЗА РАЗХОДИ ЗА ЖИВ ТРУД НА ПРОМИШЛЕНОТО ПРЕДПРИЯТИЕ
A COMMON MODEL FOR ANALYSIS OF LABOR COST-BASED RATE OF RETURN OF THE INDUSTRIAL ENTERPRISE

Author(s): Rositsa Ivanova
Subject(s): Economy, Business Economy / Management
Published by: Икономически университет - Варна
Keywords: rate of return; production resources; labor costs; analysis models; factors
Summary/Abstract: Manpower is among the key production resources for an enterprise‘s business. The question of the effectiveness of its use is topical at all phases and stages of the industrial enterprise‘s development. The effectiveness of manpower use is analyzed and evaluated by means of the productivity of labor. Productivity of labor has direct impact on labor resources-based rate of return – an indicator describing the final effectiveness of manpower use. In its turn, labor resources-based rate of return is a factor that affects labor cost-based rate of return (costs for salaries and employee benefits) – describing the final effectiveness of the costs incurred by the enterprise in terms of manpower functioning. A model for analysis of labor cost-based rate of return is developed through the determined factor modelling method. The indicator labor cost-based rate of return of industrial enterprises is the object of this report, and the subject of this study covers the methodology for analysis of this indicator. It is aimed at proving the practical usefulness of the methodology for analysis of labor cost-based rate of return. The analytical information so obtained enables the industrial enterprise‘s financial management to make reasonable and timely decisions for the management of manpower costs.

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