Utilization of Labor Standards

Labor standards are utilized in these aspects (Singh, 2015):

Costing labor content of products
Planning and labor management needs
Cost and time estimates
Planning production
Wage and Incentives plans for workers
Employee productivity

References:

Singh, A. (2015, August 20). Operations Management. Slideshare. https://www.slideshare.net/anusr/operation-management-51848577