Dinesh Divekar
Business Mentor, Consultant And Trainer
Hnkhr
Manager Hr
+1 Other

Thread Started by #hnkhr

Hello HR members i would like to know , what should be the ideal percentage cost of salaries and wages in total project budget. Harin
13th February 2014 From United Arab Emirates, Dubai
Dear Harinath,
Projects are of all hues. What type of project you are referring to?
Any project comprises of material cost + operations cost + employee cost. The break up of the costs will vary from one project to another. There is no hard and fast rule as such.
If there are multiple projects of similar nature then there could be capital cost as well. Where to assign the cost if the capital equipment is used for multiple projects? For example, concrete mixer used in construction projects, is used in many projects. Now where to assign this cost? In corporate account?
Please clarify about your query.
Thanks,
Dinesh V Divekar
dineshdivekar(at)yahoo.com


13th February 2014 From India, Bangalore
dear
harinath
how do u get into cost component as a free lance recruiter.
if it is a theoretical question or a hypothetical question it is very difficult to give an answer.
if it is an IT project the salary component will be of high percentage
if it is a mechanical or civil project it may be low
it is not possible to lay down a fixed percentage
blessings
dr ram
13th February 2014 From India, Indore
I am referring to cost/expenses concerning employees/staff.
I have observed mft,infra or construction companies maintain 5%-10% and IT companies 50-80% as employee expenses of tatal expenditure.
is there any financial analysis or ratios in allocation of employee expenses.?
19th February 2014 From United Arab Emirates, Dubai
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