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HR strategy and technology, page 3 of 5

Page 3 of 5. HR strategy, operations, metrics and software, plus HR roles, careers and a glossary of the terms people teams use every day.

Page 3 of 5, 108 articles, newest first

HR strategy10 min read

What is cost of labour? The wage and non-wage halves, the cost per hour and the ratios people use

What labour costs are, using the ONS definition: the total cost of employing someone, wage costs including salaries, bonuses and benefits in kind, plus non-wage costs including National Insurance, pension contributions and statutory pay. A worked example turning a salary into a cost per hour worked, direct and indirect labour, the ratios people use and what each one hides, and the costs adverts forget.

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