Stock purchase plans
Worker's compensation insurance
Retirement plan contributions
Paid time off
Training & development
Employee assistance programs
Employee recognition programs
Employee discounts & merchandise
Office furniture & fixtures
Cafeteria & meal programs
Remote working expenses
Employee parties, meals & events
Employee parking expenses
Employee technology & equipment
HR compliance costs
Recruiting CostsThe direct costs of recruiting an employee.
Human ResourcesThe cost of human resources overhead divided by the number of employees. This captures cost related to compliance and administration of employment.
SalaryAnnual salary or hourly wage.
Payroll TaxesPayroll 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.
BenefitsBenefits that are paid by the employer such as medical insurance, disability insurance, dental insurance, life insurance and pension.
IncentivesIncentives such as profit sharing plans, bonuses and stock options.
Paid LeavePaid time off including public holidays, vacation, sick days, personal days, bereavement leave, maternity and paternity leave.
Training & DevelopmentTraining and development programs including the cost of onboarding.
Office SpaceCosts related to office space per employee such as rent and facility management costs.
ConsumablesOffice consumables such as coffee, food and stationery.
InsuranceInsurance attributable to employees such as employee liability insurance.
EquipmentFurniture, fixtures and equipment such as computers and mobile phones.
SummaryThe following are common employee costs.
|Overview: Employee Costs|
The total costs associated with employing an individual.