Costs associated with the labour turnover can be categorized into ........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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Costs associated with the labour turnover can be categorized into:

Preventive Costs only

Replacement costs only

Both of the above

Machine costs

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Explanation:

Cost of labour turnover:

Preventive costs: costs incurred to keep the workers satisfied like cost of personnel administration, cost of providing amenities like housing facilities etc.

Replacement cost: costs incurred subsequent to labour turnover to replace the employees in place of old employees like cost of recruitment and training of new workers etc.