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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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VIP Task Manager |
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