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Why the direct salary paid to an employee does not represent the total cost of the employee to the organization?
Wiki User
∙ 16y ago
While the direct salary represents the majority of the cost of an employee, there is also the cost of carrying an employee on payroll, employment taxes, unemployment insurance, benefits, etc... This cost, also known as the "burden", varies from 18% of the employee's annual salary to about 26%, depending on the state of residence and the richness of the benefit plan.
Wiki User
∙ 16y ago
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What are the factors to be considered when fixing workers remuneration?
1. Qualification 2. work experience 3. previous salary 4. employees conduct 5. benefit to be derived by employee to the organization
What is the gross pay per pay period if an employee is paid an annual salary of 37500 semimonthly?
1,562.50
Charging for civil engineering services?
probably between 60 - 90 per hour.
What is the direct cost in shoe manufacturing firm?
Following are direct costs of shoe manufacturing business:1 – Leather (Direct material)2 – Workers salary on machine (direct labor)3 – Electricity expense etc
What is the Direct cost in shoe manufacturing business?
Following are direct costs of shoe manufacturing business:1 – Leather (Direct material)2 – Workers salary on machine (direct labor)3 – Electricity expense etc
What does cost to company mean?
The Total Cost to Company refers to an employee's salary package. It is the total cost a company or organization is spending for an employee and it includes salary and perks.
What does Total Cost to Company mean?
The Total Cost to Company refers to an employee's salary package. It is the total cost a company or organization is spending for an employee and it includes salary and perks.
What is the difference between Off role and on roll job?
Onroll means that you are an employee with "Organization A." Offroll means that you are an employee with "Organization B" working as a consultant for "Organization A." Payroll means that you are an employee of "Organization A" and receive a salary from the same organization.
Is provident fund a part of direct wages or an overhead?
Pf deduction from your direct wage direct wage-your basic salary (12 percent deduction from employee,13.61 from employer).
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
How do you fetch second highest salary from table?
select top 1 * from EMPLOYEE where SALARY < (select MAX SALARY FROM EMPLOYEE) ORDER BY SALARY DESC
What is the journal entries for paying employee salary?
Salary expense
What is a compensation package?
Sum of direct benefits (such as salary, allowances, bonus, commission) and indirect benefits (such as insurance, pension plans, vacations) that an employee receives from an employer. [businessdictionary.com]
Salary increment notice?
A salary increment notice is a letter that notifies an employee of a pay increase. The short letter gives the employee notice of the terms of their salary increase.
At BIT labs, the monthly salary for an employee depends on the number of hours of training that employee has had The company's salary chart is shown below How many salary outputs does the chart have?
1
What is the average salary of a NASCAR employee?
The average salary for a NASCAR employee depends on the specific job in question. For example, a manager's salary ranges from $95k to $104k, and the salary for a software engineer ranges from $75k to $81k.
How do you get the highest pay employee in an oracle database?
Select employee, max(salary) From employee Group by employee Order by one DESC The employee with the max salary will be the first one reported. Another way would be to use a analytical rank function.
