Human Resource Fixed and Variable Costs Dissertation Example For Download

Human Resource Fixed and Variable Costs Fixed refers to the amount that a company spends but remains the same throughout a production process; this may include, rent fees and taxes. On the other hand, variable costs include the amount spent by a company in association with the volume of goods as well as services it produces. In this case, a company’s variable cost is subject to increase or decrease depending on the production volume (McCarthy, 2012). An exploration of how variable and fixed costs are essential in human resource management presented in this discussion. The knowledge derived from variable and fixed costs are significant in the measuring and managing human resource costs. Considering that, a cost is a sacrifice that a company incurs with the anticipation of a benefit or a service in return, it means that the HR costs have the asset and expense component altogether (McCarthy, 2012). Measuring the HR costs helps identify the fixed and variable costs. In this way, monitori...

Free Human Resource Fixed and Variable Costs Dissertation Example