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| *Ostroff, Fair and Company>>>Administrative and Office Support |
1. what is human resource cost? |
1. what is human resource cost? A Human Resource cost is the total cost involved in both hiring a resource and his Maintenance (General & Administrative) for his tenure with the company. A Human Resource cost mainly consists of two parts. 1) Pre-Hiring (Hiring cost) 2) Post Hiring 1) Pre-Hiring:- Hiring cost involves the cost incurred on hiring the resource i.e. Offered salary + Relocation Expenses + Notice period reimbursement +Travel Expenses during Interview + Consultant cost/ Referral amount/ Cost of the Recruitment drive + Joining bonus + Accommodation expenses at the time of interview. 2) Post-Hiring:- Post hiring cost involves the CTC (which includes all allowances) + Maintenance cost (General & Administrative) + Training cost + Salary Hikes + Performance/Project Bonus. Source(s): From my experience and colleague's suggestions. Need more details to be able to answer your question. Does your question refer to determining productivity per employee? Peace and blessings! |
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