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12 Examples of Employee Costs

 , September 16, 2019
Employee costs are the total costs associated with employing an individual. Depending on the nation, industry and profession the total costs of employing someone can exceed twice their salary. The following are common types of employee cost.

Recruiting Costs

The direct costs of recruiting an employee.

Human Resources

The cost of human resources overhead divided by the number of employees. This captures cost related to compliance and administration of employment.

Salary

Annual salary or hourly wage.

Payroll Taxes

Payroll taxes and social security payments that are paid by the employer based on the employee's salary such as pension, unemployment insurance, medical insurance, disability insurance, maternity and child benefits. These differ greatly by nation, state or province.

Benefits

Benefits that are paid by the employer such as medical insurance, disability insurance, dental insurance, life insurance and pension.

Incentives

Incentives such as profit sharing plans, bonuses and stock options.

Paid Leave

Paid time off including public holidays, vacation, sick days, personal days, bereavement leave, maternity and paternity leave.

Training & Development

Training and development programs including the cost of onboarding.

Office Space

Costs related to office space per employee such as rent and facility management costs.

Consumables

Office consumables such as coffee, food and stationery.

Insurance

Insurance attributable to employees such as employee liability insurance.

Equipment

Furniture, fixtures and equipment such as computers and mobile phones.
Overview: Employee Costs
Type
DefinitionThe total costs associated with employing an individual.
Related Concepts

Business Costs

This is the complete list of articles we have written about business costs.
Activity Cost
Business Equipment
Capex
Capital Improvement
Cost Of Living
Expenses
CAC
Fixed Costs
Friction Cost
Employee Costs
Holding Costs
Intangible Cost
Operating Cost
Operating Expenses
Opex
Legacy Costs
Outlay Cost
Lifetime Cost
Overhead Costs
Menu Costs
Relevant Cost
Shrinkage
Sunk Costs
Tangible Cost
Operational Costs
Travel Expenses
Opportunity Cost
Variable Costs
Prospective Cost
Switching Costs
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