Essay: Labor laws and cost of running a business enterprise - The cost of labor plays a very crucial role in the determination of the overall cost of running a business enterprise. Various labor laws ensure that certain crucial laws that govern the hiring, recruitment, and remuneration efforts of the employees. In most developing countries, the affairs of the employees have not been addressed in detail. It is evident that the welfare of the employees is very crucial for the excellence and superb performance of a business enterprise.
Labor laws always have the major intention of ensuring that the welfare of the employees is protected and that their performance levels are fully enhanced so that the overall goals of the business organization improve.