11 Advantages of Division of Labour are listed and discussed in this article. We hope you find it informative and able to meet the demands of your research.
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Division of labor is the splitting up of work into smaller units in order to make the job faster and easier for all has some advantages, and in this article, we will look at some of those advantages.
The following are the Advantages of Division of Labour:
1. Increase in production
When a job is split into smaller units, it usually leads to an increase in production because those who have a specialization in one of the split parts get to handle the work faster and it, in turn, births a boost in the production rate of the company.
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There is nothing that humanity has ever needed that is better than anything which will make work faster and save time.
Even in companies, time-saving is very essential. This is one of the advantages of division of labor because it breaks a task of 1 hour and makes it accomplished within minutes.
3. Development of greater skill
When a person does the same thing over and over again, he or she usually gets accustomed to the skill and tends to develop more on it.
4. scale production
Even when the factors of production are not adequate, big companies usually adopt the system of division of labor because it helps them save time and the saved time is invested again which brings about large returns on the scale of production.
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5. Lower unit cost
Because the division of labor leads to the production of large quantities in lesser time, the unit cost of products and services is lesser than if there was no division of labor.
6. It leads to specialization
When a person does a particular task for a long period of time as a result of the division of labor, it leads to specialization. The person becomes a specialist in that field and performs better than when he started.
7. The economy in the use of tools
Sometimes, because specific jobs are carried out by those who are not specialists, machinery is not put to judicious use but when the division of labor is in place, the qualified person handles the right machinery and the company gets an optimal result.
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8. Less fatigue
Unlike cases where there is no division of labor, laborers get less tired because they get to do specific things with the right machines as tools making their work easier and faster, and they do not get to stress themselves so much.
9. Production of high-quality goods
When every man has his own job description, he tends to operate at a more optimal frequency and the impact tells on the quality of goods. Everyone is not overburdened, they work and operate at their pace and as such, they can deliver excellence at all times.
10. Creation of employment opportunities
n order for the division of labor to be more efficient, more persons are needed at the different levels of operation and this creates a gap for more employment opportunities.
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11. Development of technology
Through the use of machines, so many types of technology are being developed to aid production further.
These and many other factors or advantages will always encourage entrepreneurs to buy into the idea of division of labor in production.