Have you ever heard of division of labor? Do you want to know some of the importance of division of labor? Well, I have got good news for you. The answer to your questions is in this article. I have highlighted some of the most important advantages of division of labor and even more. let’s get right into it.
What is division of labor?
Division of labor simply involves the breaking down or separation of tasks in any economic system between different people that would create specialization over time. Generally, division of labor makes work easier and faster.
What are the advantages of division of labor?
Here are top 10 advantages of division of labor:
1. higher productivity
2. proper allocation of workers
3. creativity and innovation
4. faster training of workers
5. proper mastery of work
6. saves time
7. reduces waste
8. increase in profit
9. efficient and reliable labor
10. lower unit cost
10 Advantages Of Division Of Labor
One of the most obvious advantages of the division of labor is higher productivity. Since division of labor involves sharing a task between different people, there would be a higher rate of production unlike when you have just one person working.
PROPER ALLOCATION OF WORKERS
The next advantage of division of labor on our list is proper allocation of workers. Division of labor reduces incompetence in a particular area. Every worker is put where he or she can perform best.
CREATIVITY AND INNOVATION
The next advantage of division of labor on our list is creativity and innovation. Creativity simply means thinking something new while innovation means doing something new. Division of labor helps people develop their creative thinking in relation to their own specialization.
FASTER TRAINING OF WORKERS
The next advantage of division of labor on our list is faster training of workers. In every work place, each worker must undergo training of the job. If the job is a very complicated one, it can take a whole lot of time just trying to train one person but if there is division of labor, everyone is trained according to his or her own specialization. It would also make the training less boring if it is faster.
PROPER MASTERY OF WORK
The next advantage of division of labor on our list is proper mastery of work. if you want a job done well, one must have proper mastery of work. instead of one man getting stuck at an area of incompetence, division of labor suggests that workers are given tasks to be done according to their own specialization.
The next advantage of division of labor on our list is saves time. This particular one is very obvious. A task that can take a lot of time doing by one man can easily take fewer time when more people embark on the task. Instead of one to keep moving from one operation to another, the work to be done is shared among workers.
The next advantage of division of labor on our list is reduces waste. When we talk about waste reduction, we mean that every body under each specialization looks out for resources that has been allocated to them. This cannot be the same if it is just one person that is in charge of all the resources. They may be wasted without proper accountability as a result of so much work.
INCREASE IN PROFIT
The next advantage of division of labor on our list is increase in profit. We all know that sole aim of every business is to make profit. Division of labor leads to a higher production of goods within a shorter time and this in turn leads to an increase in profit.
EFFICIENT AND RELIABLE LABOR
The next advantage of division of labor on our list is efficient and reliable labor. This implies that work will become very reliable and efficient since it has simply been shared with a number of people unlike just one person.
LOWER UNIT COST
The last advantage of division of labor on our list is lower unit cost. In a production company, we know that the higher you produce, the lower the cost of a unit. We have already mentioned that division of labor leads to a higher productivity level, this would in turn lead to a lower unit cost.