Labor Burden Calculator
The labor burden calculator, is used to calculate the cost for each employee; or a labor burden calculator helps an organization to work out the cost for an employee.
A labor burden calculation includes employee benefits that the organization already offers or is planning to offer; the cost also includes other expenses such as: health insurance, dental insurance, payroll taxes, pension costs and any other compensations. Employee’s paid time off such as holidays, training and sick leave are also included in the calculation.
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It is important that every organisation uses a labor burden calculator.