Main benefits or advantages of division of labor can be expressed as follows:
1. Right Man For Right Job
Division of labor follows the principle of 'Right man for right job'. Appropriate job is given to the workers according to their skills and ability that helps to improve employees' performance that leads to increase in the productivity of the firm.
2. Higher Productivity
Workers are employed in right place as per their capacity. Skilled and capable workers can perform their job efficiently without wasting the time and effort. Specialization minimizes errors in the production process. It leads to higher productivity.
3. Skill Enhancement
Workers can enhance their skills because of the repetition of same kind of work everyday. So, division of work makes the workers perfect in their job.
4. Less Training Period
Because of specialization, workers do not need to learn the whole task. They can learn only a part of the job which is related to them. So, it saves time and effort while conducting training program.
5. Invention
By doing the same task again and again, talent workers may discover the simple and easy process to perform the job. So, division of labor may lead to invention.
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6. Low Cost Of Production
Division of labor ensures higher productivity because of efficient use of human and other resources. Increased production leads to lower cost of production per unit.
7. Increase Goodwill
Because of large scale production, cost of production can be minimized. So, customers get high quality products at lower price. It helps to increase goodwill and image of the firm.
