Title: Work cost impact analysis in FTSE MIB companies

Authors: Stefano Bresciani; Elisa Giacosa; Guido Giovando

Addresses: Department of Management, University of Turin, Italy Corso Unione Sovietica, 218 bis, 10134 Torino, Italy ' Department of Management, University of Turin, Italy Corso Unione Sovietica, 218 bis, 10134 Torino, Italy ' Department of Management, University of Turin, Italy Corso Unione Sovietica, 218 bis, 10134 Torino, Italy

Abstract: The aim of this research is to analyse the cost impact of the work factor of production on the financial statements of Italian companies listed on the FTSE MIB. It emerged a correlation between salary costs and turnover. This is due to the human factor being a highly important input in the company's production process. In addition, a strong correlation emerged between the cost of salaries and wages and actual turnover, since the work factor of production represents a resource of primary significance within the process of production. Finally, a time variable correlation has arisen between the other personnel costs and turnover. Due to the implications of the research, in its decision process, the management has to consider the human element as pivotal to a combination of production factors. The research boundaries should be considered as limitations of the research.

Keywords: work cost impact; salary costs; turnover; wages; employee benefits; personnel costs; Italy; FTSE MIB; financial statements; human factors; production factors.

DOI: 10.1504/GBER.2016.076227

Global Business and Economics Review, 2016 Vol.18 No.3/4, pp.277 - 296

Received: 27 Jan 2014
Accepted: 16 May 2014
Published online: 30 Apr 2016 *

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