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
1From India, Gurgaon
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
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
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
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
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Manpower Planning Form(1).xls
Manpower Requirement Form.doc