Poornima278
1

Pls. let me know what are the components which we have to consider at the time of doing mapower costing costing. Regards Poornima
From India, Gurgaon
KMallick
2

Major components of Manpower Costing are:
1. Wage Bill
2. Recruitment Costs
3. Training Costs
4. Employee Welfare Costs - Canteen, Loans, Picnics, Off-sites etc
5. Increment / Performance Linked Incentive Costs
6. Employee Overheads Costs - Grade wise eligibilities like Travel, Conveyance, Reimb etc
7. Employee Benefits Costs - Wedding gifts, Anniv gifts, Long Service Awards, Rewards and Recogn Costs etc
Cheers
Kanishka

From India, Madras
KMallick
2

All the above (and some more too) are calculated and then is finally divided by the total headcount of the orgn for the year. This gives us the Orgn's Manpower Cost per employee.
For an Individual Cost to the Company, the TOTAL COMPENSATION PHILOSOPHY states that all these things need to be added to get to the TCTC of an individual.

From India, Madras
vjdj
1

can anybody helps me....... how to calculate manpower costing of a particular company for benchmark with other companies
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.