KEY ASPECTS OF THE ANALYSIS OF LABOUR RESOURCES-BASED RETURN AND LABOUR COSTS-BASED RETURN OF THE ENTERPRISE IN THE CONTEXT OF CONTEMPORARY SITUATION

Abstract

The issue of the effective use of workforce is relevant at all phases and stages of each enterprise’s development. The importance and relevance of this issue are even greater in the context of high inflation rate in the country and the impact of different crises – health, economic, price, energy, social, and now the military crisis, due to the conflict and the war in the vicinity of the Bulgarian frontier.
The first object of study in this publication is the indicator of labour resources-based return, which shows the final effective use of the enterprise’s workforce. This indicator is analysed as a separate object of the analysis to identify the strength and direction of direct factors that affect its dynamic. These factors are as follows:
1. changes in the labour productivity and
2. changes in the sales return.
The second object of study refers to the labour costs-based return indicator, which characterises the final effectiveness of costs incurred by the enterprise for the functioning of the workforce it has hired, and namely, costs for staff salaries and social security. This indicator is also analysed as a separate object of the analysis. It identifies the strength and direction of direct factors’ impact on the dynamics of this indicator. These factors are as follows:
1. changes in the labour productivity;
2. changes in the average wages per staff member;
3. changes in the average social security costs per staff member; and
4. changes in the sales return.
Their objectively existing correlation is a prerequisite for correlating these two objects.
The subject matter of this publication covers the methodological aspects of the analysis of labour resources-based return and the analysis of labour costs-based return.
The author’s objective is to suggest approved methodologies for analysis of the labour resources-based return and for analysis of labour costs-based return, which are applicable to and useful for the business practice. This publication suggests guidelines for deeper analysis methodologies by correlating the factors affecting the change of the annual labour productivity with the factors affecting the return calculated both on the basis of labour resources and on the basis of labour costs as well. Such correlation may result in objective symbiosis among the use of working time, efficient use of manpower (labour productivity) and labour resources-based and labour costs-based return.