COSTING FOR MANPOWER
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Hi, thanks for a quick response, Veena. However, I am handling the non-recruitment profile - employee life cycle. We are looking at carrying out manpower costing only with respect to active manpower every month. Does that imply that recruitment costs for the mon...
How do we calculate the cost of manpower if we have to do this on a monthly basis? What are the factors to be included in this calculation? Is there any specific formula, format, or advice from those of you who are already working on the same?Please advise.
Hi Friends,I am in a great problem and need your valuable help. I have been asked to prepare a report on manpower costing, and I don't have any idea how to calculate manpower costing. So, friends, if anybody has any format in an Excel sheet to calculate manpower...
Manpower CostingRecruitment Cost,Gross Salary,Employer Contribution to ESI, PF, and Insurance,Allowances (Medical Allowances, Food allowance, etc.),Conveyance,Welfare Facilities,Consultant Charges,Bonus, Gratuity, various types of Incentives,Relocation ExpensesT...
Hi Selvan,The manpower cost should be calculated as follows:Gross Salary + ESI + PF Employer Contribution + Conveyance + Insurance + Special AllowanceRegards,Selvan
All the above (and some more too) are calculated and then finally divided by the total headcount of the organization for the year. This gives us the organization's Manpower Cost per employee.For an Individual Cost to the Company, the TOTAL COMPENSATION PHILOSOPH...
Major components of Manpower Costing are:1\. Wage Bill2\. Recruitment Costs3\. Training Costs4\. Employee Welfare Costs - Canteen, Loans, Picnics, Off-sites, etc.5\. Increment/Performance Linked Incentive Costs6\. Employee Overheads Costs - Grade-wise eligibilit...
Please let me know what components we need to consider when doing manpower costing.Regards,Poornima
Manpower costingCould you please provide me with a format if you have on manpower costing? Please mail me at vilusaneja@gmail.com
Hi, can anybody send me the format of manpower costing on a per-day basis, per week basis, or per annum basis.–-Hi, can anybody send me the format of manpower costing on a per-day basis, per week basis, or per annum basis.