HR & Payroll Cost Factors
OPTIONAL: Insert current costs of supporting your HR & Payroll functions for costs analysis details
List the annul compensation of each employee/contractor involved in any activities related supporting your HR and payroll functions including: on-boarding, off-boarding, employee relations, HR & employment law compliance, basic administration, manager support, employee support, payroll processing, payroll filings, HR government filings, employee communications, managing HR and/or payroll technology, etc.
1. Fully burdened: Burden typically adds 20% to the employee’s gross annual compensation and includes overhead expenses such as payroll taxes, benefits costs, workers compensation premiums, etc.