Comparison Analysis and Control Procedures of Labor Workforce Efficiency of Milk Processors in Visegrad Group and Russia

Abstract

The aim of an article is to make comparison analysis of labor productivity efficiency in milk processing industry. An investigated object is a data base of accounting reports of 5 countries in the Czech Republic, the Slovak Republic, Poland, Hungary and Russia over the period of 2011–2013. The number of selected companies is 619. a hypothesis of the research: there is significant correlation between salary and labor productivity in milk processing industry. Difference between Visegrad group and Russia is tested with Kolmogorov‑Smirnov test at significance level of 0.05. Representativity of data is checked by Chi‑Square test. Relationship between workforce productivity and salary is made by Spearman’s rank correlation. In Visegrad group, relationship between workforce productivity and salary are presented by volume of coefficient 0.7189. Russian companies have coefficient 0.1208. Generally speaking, there is sufficiently great dependence between salary and labor productivity in Visegrad group and there is no dependence in Russia. a worker can see no dependence between high salary and high productivity in Russia that is The possible reason of low correlation between salary and labor productivity. This fact suggests methodology to control efficiency of labor workforce. The methodology is based on coefficients, given to each employee, in order to estimate his productivity and compare it with other employees or compare companies between each other.

Keywords

• Dairy industry
• milk processing
• financial analysis
• controlling
• statistical analysis