The Hidden Costs of Hiring Hourly Workers
Hiring a new employee is always an expense, whether that person receives an hourly wage or a salary. While calculating the cost for a salaried employee is widely known, calculating the same costs for hourly employees can be tricky.
There are hidden costs not usually accounted for in the calculation for hourly employees, and typical labor cost formulas don’t apply or may give incorrect results. Ignoring these expenses can result in spending more than expected on a new employee, which will affect your bottom line.
This ebook provides a guide to discovering and calculating these hidden costs and a way to reduce them through an automated solution.
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