The Industrial Strategy of Labour Cost Cutting is Boon or Bane in the Vicinity of Employees Welfare A Review on Indian Hotel Industry
Author Affiliations
- 1 Department of Commerce, Kuvempu University, Karnataka, INDIA
Res. J. Management Sci., Volume 2, Issue (9), Pages 15-18, September,6 (2013)
Abstract
Many firms in the world are giving attention towards controlling of cost in well manner and much over labour cost. The main motive of every firm is increasing profit by decreasing cost. This paper examines what are the measures normally taking by hotel industry to cut their labour cost and their approximate achievement in labour cost cutting, and which are most controllable costs controlling by hotels and also examines the consequences of cost cutting on their normal course of business and its consequence on s mainstream in Indian society where the population density is very high with the much demand of employment opportunities.
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