Employee Cost Calculator

[ˌemploɪˈiː kɒst ˈkælkjʊleɪtə]

An employee cost calculator is basically a calculation of the amount of money an employer will spend on an employee; costs include: the employee’s benefits package, their salary, training and development costs and other expenses. 

Putting an employee cost calculator in place as an employer will help to predict and prepare for any costs involved in spending on current or prospective employees; organizations must therefore be ready to carry out this throughout the year to avoid overspending. 

Part of speech:
Use in a sentence:
Using an employee cost calculator will prevent the organisation from making financial mistakes.
Employee Cost Calculator