Dear Sharada,
Probably your CEO is asking for a breakdown of the total HR budget. "Employee Cost", includes expenses towards monthly salary, statutory payments, medical insurance payments, training expenses, staff canteen expenses, staff welfare expenses, expenses towards picnics and outings, expenses towards uniforms, expenses towards overtime and so on. Sit with your accounts and find out the breakdown of the percentage on various counts.
The second important thing is what is the percentage of your employee cost against total sales? Calculate this percentage for the last three financial years and also show any YoY or QoQ increase/decrease.
Earlier there was a post on HR Statistics. Click the following link to read my comments:
https://www.citehr.com/328790-hr-sta...ml#post1503992
Prepare your analysis report and submit it to your CEO. Please share with us his observations or findings on your report. This will help other members of this forum to prepare similar reports if required.
Dinesh Divekar
+91-9900155394