ANSWER ALL QUESTIONS

1. The personnel department of XY Co. Ltd gives you the following information regarding labour:

Number of workers at the beginning of September, 2007 =950

Number of workers at the end of September, 2007 = 1050.

During the month 10 workers left while 40 were discharged. 100 workers were recruited during the month of which 45 were recruited against the vacancies of those leaving, while the rest are recruited in connection with the expansion programme.

REQUIRED;

1. Calculate the Labour Turn Over using different methods available. (6 marks)
2. Briefly explain each of the above used methods. (6 marks)
3. Explain how the following wages and salaries methods work in the context of incentive plans as part of rewarding labour

1. Group bonus scheme
2. Profit sharing scheme.
3. Rowan scheme
4. Harsley scheme (8 marks)