Articles tagged as: "employee cost"

The true cost of employees: Calculate employee cost with this labor cost spreadsheet

Understanding the true cost of employees is crucial for any business looking to manage resources effectively. That’s why we’ve created this free spreadsheet download and video tutorial with detailed instructions and formulas to easily calculate employee cost at your company, as well as to forecast new hires. It’s more than just base salaries; it encapsulates […]

What does absenteeism cost a company? Well…and presenteeism?

The large scale costs of absenteeism and presenteeism Measuring the costs of absenteeism and presenteeism is a challenging task. In fact, there’s no magic formula to do so. As far as absenteeism goes, many people have tried to simplify the process by adding together the wages and administrative expenses associated with the behavior. Along those […]

How to calculate employee absence rate and why you should do it

Absence days in the workplace are prevalent regardless of schedule, sector, or level. It’s just another moving piece of HR and the working world. That’s why it’s essential to understand your employee absence rate and know how to calculate it. Are you aware of the impact that absence days have in the workplace? Is your […]

What does annual compensation mean? (and 9 more up-to-date FAQ on employee compensation in the US)

When it comes to annual salary and compensation, there can be a bit of confusion. What do these words encompass, how are they defined, and what’s legally required from an employer’s perspective? Those are just some of the most frequently asked questions when it comes to annual compensation, which is why we’re tackling them—along with […]