How to Calculate Your True Labor Costs (And Why It Matters)
4 Corner Resources Staffing Blog
JULY 9, 2020
This is part of the labor cost formula , but your true labor cost includes the full range of expenses associated with attracting, onboarding, training and retaining your employees. Likewise, you should not hire a new employee before you fully assess whether the benefits of hiring them will outweigh the financial cost. .
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