Process-cost analysis of productivity and wages in agro-industrial processing organizations

¹ Peter the Great St. Petersburg Polytechnic University, Institute of Industrial Management, Economics and Trade, Graduate School of Service and Trade, 29 Polytechnicheskaya str., St. Petersburg, Russia, 195251
² Voronezh State University of Engineering Technologies, Department of the Theory of Economics and Accounting Policy, 19 Revolyucii. Avenue, Voronezh, Russia, 394000
³ Voronezh State University, Department of the Economic Analysis and Audit, Universitetskaya ploshchad’, Voronezh, Russia, 394018

^* Corresponding author: kafedra17@rambler.ru

Abstract

Process-cost analysis involves the implementation of appraisal procedures at each stage of adding value, which is considered as the main source of achieving the interests of personnel, owners and the state. The main goal of this study is to verify the existing methodological approaches to assessing the labor productivity of personnel in processing organizations of the agro-industrial complex, to assess the dynamic ratio of productivity and wages, based on methodologically justified assessment procedures that ensure the implementation of the advantages of process-cost analysis and eliminate the disadvantages of traditional methods. In order to improve the analytical suitability of the results of the process-cost analysis of labor results, three areas of key stakeholders’ interest are identified, for each of which corrective operations are provided that provide not only the possibility of a retrospective analysis, but also predicting the possibility of parity of interests. Based on the results obtained, it was concluded that the share of value added in total revenues is low, the level of wages is unreasonable and, consequently, significant disparities in the distribution of value added. The inconsistency of the criterial assessment of the dynamic ratio of labor productivity and its payment in modern conditions has been proved.