MACOBiE HR Cost

Hi

Can anyone explain me how HR cost are calculate.My company is making 100 EOU Garments industry and having manpower around 800 and my salary bill is arround 57 Lacs PM. At present our HR cost is more than 25 % which is I think very high, when the we are not paying any LWW,Bonus,Graituity or any welfare activities envolvement or any other extra expences than how we are crossing this figure month by month .This is very tipical quasation for me.I study some factor but I want to clear with all of you,so that I can find the axect position and work out.

 

Can anyone provide me how and what is the formulaa to reduce HR cost.

 

Thanks

 

D.P.Sharma 

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