Per Employee Cost

hrdept

How would I calculate an average cost per employee?

Down_the_Middle

Need more information. Average cost of what? Employment? Salary? Benefits?

hrdept

Average cost to include: wage, employer's portion of benefits, WC Insurance, Uniforms, Recruitment, Training, etc...

I'm finding it hard to find a formula that would work company wide for an average.

gina

bsa

I have explained to my supervisor on numerous occasions that she hired me to deal with people, not to do math! I seem to always drop a decimal or something that she always spots. With that said, try this.... Add together the total of everything and divide by the number of employees included in the total of everything. You didn't specify an average cost of "what" in your question, but the steps are the same for almost anything you are trying to average. For example, the average hourly wage for a group of employees or the average cost of uniforms. Labor cost might include hourly wages, salaried wages, plus the cost of benefits.

hrdept

Thank you for your help, I will try that. I guess I'll start by finding out the cost of "employer" portion of benefits, WC, uniforms, recruitment, ect.. and use your formula.

Thanks,gina