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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Employee Expenses
What is Employee Expenses  

What is Employee Expenses



 
 

Employee Expenses are necessary to maintain the employment of a worker: supporting his or her social welfare, development, related taxes, etc. It is stated in constitutions and laws of many modern countries that a laboring person deserves adequate compensation for his/her efforts from a company or other person employing this worker. People are the most important business resource, as all other resources cannot work efficiently without appropriate input from the employees; therefore people are the primal object for investments of a company which wishes to survive and prosper in a long-term prospect.

The Employee Expenses are a complex matter and may incur the following items:

  • Selection and recruitment (employing the right person to the right position);
  • Training and development (improving skills and knowledge of employees);
  • Paying regular compensations (salaries, bonuses and pension plan payments);
  • Social package (insurance, healthcare compensations, lodging, etc);
  • Workplace expenses (maintaining on-the-job tools, uniform, equipment, software, etc);
  • Social taxes (different kinds of employment taxes collected by government);
  • Transportation (company vehicles, fuel for personal cars, etc);

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