Base salary | Overtime pay |
Bonuses | Commissions |
Stock options | Stock purchase plans |
Benefits | Medical coverage |
Payroll taxes | Social security |
Worker's compensation insurance | Retirement plan contributions |
Paid time off | Maternity/Paternity leave |
Training & development | Education assistance |
Recruitment costs | Employee assistance programs |
Employee recognition programs | Childcare assistance |
Commuter benefits | Employee discounts & merchandise |
Safety gear | Uniforms |
Office space | Office furniture & fixtures |
Cafeteria & meal programs | Employee expenses |
Business travel | Remote working expenses |
Employee parties, meals & events | Insurance |
Relocation assistance | Housing allowances |
Office perks | Employee parking expenses |
Employee technology & equipment | Severance packages |
HR costs | HR compliance costs |
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.Summary
The following are common employee costs.
| Overview: Employee Costs | ||
Type | ||
Definition | The total costs associated with employing an individual. | |
Related Concepts | ||
