Study On The H Group Corporation's Labour Cost Control And Management

Since the reform and opening up, China has established the socialist market economy. There are significant changes around the external environment of aerospace industries as well as the requirements and demands from the government for the industries. As a result, in addition to completing the tasks of model research, production and testing, aerospace companies have to consider its own efficiency and profitability. In order to achieve competitive advantage, high economic operation quality and the unity of social and economic efficiencies, it is imperative for these companies to develop the strategy of cost management and strengthen the labour cost control and administration.This paper conducts a research and provides a summary on the relevant theories of labour cost control and management. It also collects and analyzes recent years labour cost data of H Group Corporation. By applying comprehensive methods of labour cost control and management, it analyzes the total amount of labour costs, labour cost structure, efficiency and elastic indicators for the enterprise and its subsidiaries and determines the key problem areas that need to be improved. Based on the findings, it explores the better model of labour cost control and management for H Group Corporation. The paper recommends construction of labour cost administration organization, improvement of the control rules of labour cost management, the enhancement of the operation mechanism of labour cost management and long term labour cost management strategies.