Analysis of labour costs in the cloth, shoe and textile industry of the Republic of Belarus

The article presents the results of the labour costs study by the method developed by the author. The methodology is supplemented with indicators of variable and fixed labour costs, as well as the allocation of investment and compensation labour costs for the purpose of managing them. The differences in the mechanism of management of the labour costs types indicated are identified. The methodology was tested on the data of industrial organizations of the Bellegprom concern differentiated by industry. According to the results of the analysis, a discrepancy in the priorities of the organizations' personnel policy to the modern requirements of an innovative economy and an intensively renewed commodity market, as well as the prevalence of current personnel tasks over strategic personnel priorities are revealed. The results of testing this methodology allowed us to develop recommendations for labour costs managing and improving their structure. In particular, the need is justified to ensure the labour costs financing in accordance with the priorities of personnel policy through the optimization of their structure. The results and recommendations developed can be used by cloth, shoe and textile industry organizations to improve the efficiency of labour costs.