The total cost of employing a person on a contract. It should take account of:
a. | Basic pay |
b. | Overtime |
c. | Allowances |
d. | Bonus payments |
e. | Absences |
f. | Recruitment supplements |
g. | Social security costs (e.g. National Insurance) |
h. | Pension costs |
i. | Redundancy payments |
j. | Ex-gratia payments |
k. | Benefits-in-kind |
Note: Recruitment supplement in the list above is a supplement which may apply to an EMPLOYEE's basic pay (either a percentage of basic pay or a discrete amount) designed to offset differences in the living costs, or in recruitment and retention rates between different groups of staff.
This attribute is also known by these names:
Context | Alias |
---|---|
plural | EMPLOYER CONTRACT GROSS COSTS |