answersLogoWhite

0

Personnel expense refers to the total costs associated with employing staff, including salaries, wages, benefits, payroll taxes, and other related expenses. It encompasses both direct compensation and indirect costs, such as health insurance, retirement contributions, and training programs. These expenses are a significant part of an organization's operating budget and are crucial for assessing overall financial health and workforce management. Properly managing personnel expenses is essential for maintaining profitability and ensuring that the organization can attract and retain talent.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Related Questions

What is a selling expense?

A selling expense is an expenditure made in support of the sales effort. This might include advertising, cost of transportation for sales personnel, printing of sales and technical brochures, etc.


In which airways in india are concesion given to deffence personal?

Active Military Personnel of Indian Armed Forces and their family members travelling at their own expense.


What commission expense means?

Commission expense refers to the costs incurred by a business when it pays commissions to sales agents or brokers for facilitating sales or transactions. This expense is typically calculated as a percentage of the sales generated and is recorded in the income statement as a selling expense. Commission expenses are essential for incentivizing sales personnel and can significantly impact a company's profitability. Properly managing these expenses is crucial for maintaining healthy margins.


Depreciation expense of building is a administrative expense or a selling expense?

selling expense


What is the nature of costs in the airline industry?

Costs in the airline industry include equipment, maintenance, fuel, rent and personnel. An often overlooked expense is the cost of using airports. The airlines pass this amount on with ticket prices.


Is toner an office expense or an operating expense?

Office expense


Is an office expense an indirect expense?

yes it is an indirect expense


What is a non monetary expense?

Monetary expense is basically a cash-money expense, so a non-monetary expense is an expense that isn't money. Some examples would be physical or personal expense.


Is credit card fee expense a selling or administrative expense?

selling expense.


Is the Depreciation a loss or an Expense?

An expense.


Is utilities asset or expense?

Expense


Restructuring charges be classified as an operating expense or as a nonoperating expense?

Should restructuring charges be classified as an operating expense or as a nonoperating expense?