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Labor turnover is defined as the proportion of the workforce of the company leaving over the course of the year or the ratio of the number of persons leaving over the period to the average number of employees.   Labor turnover is all about retention of employees – i.e. the ability of a company to convince its employees to remain in business.   Causes of Labor Turnover     The causes of the turnover of labor could be classified into three types. They're:   Personal causes –  those that induce or force workers to leave their jobs. Retreat due to old age. The accident makes workers permanently unable to work. Women workers may leave after marriage to perform household duties/family duties I don't like the job or the place. Workers are finding better jobs in other places. Changing the job for improvement.   Inevitable causes –  those on which management is obliged to ask some or more of their employees to leave the organization; Seasonal nature of the company. Change the location

CS Executive Meaning of Service Costing: Scope/Service and Application Online CS Executive Class:  service costing is a type of operation costing that is used in organizations that provide services instead of producing goods. The cost of services is the cost of providing and operating services in a particular sector. In short, services are generally considered to be inducting rather than producing goods. It is the costing method that provides information on how to calculate the operating cost. Service scope   The costing services are directly concerned with the classification and accumulation of the cost of the service to the services rendered by undertakings. Service Cost Features:   Operating costing is a method of costing. There is no physical stock of an article when an undertaking renders a service. An undertaking adopting a costing service shall not produce any tangible goods. These undertakings provide their customers with unique services. Costs are usually period-wise. However,