Employee compensation cost

USAGE SUMMARY

The phrase "Employee compensation cost" is correct and usable in written English.
It can be used in discussions related to payroll, budgeting, or financial reporting within a business context. Example: "The employee compensation cost has increased significantly this year due to new hires and salary adjustments."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

In the latest quarter, the bank's operating costs fell 28.7% to $4.76bn as employee compensation costs dropped about 40%.

The Guardian - Business

Facebook's revenue for the three months to 30 June was $1.18bn, and its profits – excluding employee compensation costs related to the flotation – were $295m.

Independent

It hopes to save $1 billion in employee compensation costs through the end of 2002, and it has pushed them down about 8percentt in the latest quarter.

The New York Times

The split isn't totally partisan … But in general, Republicans have been more willing than Democrats to look for ways to provide government services more cheaply and efficiently, including by cutting the employee compensation costs that make up about half of state and local spending.

The New York Times

In his recent letter to shareholders, he wrote that after Berkshire Hathaway acquires a company, it will often report higher employee compensation costs.

Forbes

Goldman Sachs Group Inc slashed employee compensation costs by 35percentt in the third quarter as bond-trading revenue plunged, an unusual step that signals the investment bank's concern about performance for the rest of the year.

Huffington Post

Employers' payments for fringe benefits are included in employee-compensation costs and therefore are not usually liable to corporate income tax.

Encyclopedia Britannica

His UAW helped establish benefits now standard in employee compensation, including cost-of-living increases, employer-paid health plans, tuition-refund programs, life insurance and profit sharing.  .  .

Forbes

If not for employee stock compensation costs and a charge to account for its deteriorating investments in Clearwire and Time Warner unit AOL, Google said it would have made $5.10 per share, beating analyst estimates for $4.95.

Forbes

During this time, the total claim cost for all non-NRL related healthcare worker claim costs in the state amounted to $150,150,242, while NRL costs amounted to $380,068, and NRL costs thus represented 0.25% of all healthcare employee workers' compensation costs accrued in the state for the 10-year period.

BMC Public Health

Noninterest expenses rose 8percenttoto $1.1 billion as employee compensation, the largest cost, was up almost 13percentto to $617 million.

The New York Times

Expert writing Tips

Best practice

When discussing financial reports, use "employee compensation cost" to clearly indicate expenses related to salaries, wages, and benefits. This term is widely understood in business and accounting contexts.

Common error

Don't limit your understanding of "employee compensation cost" to just wages or salaries. It includes benefits like health insurance, retirement contributions, and other perks. Failing to account for these can lead to inaccurate financial planning.

Linguistic Context

The primary grammatical function of "employee compensation cost" is as a noun phrase that acts as the subject or object in a sentence, typically referring to a business expense. It is used to quantify the total expenditure related to employee pay and benefits.

Expression frequency: Missing

Frequent in

News & Media

33%

Science

33%

Formal & Business

33%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "Employee compensation cost" is a grammatically correct noun phrase used to describe the total expenses associated with employee pay and benefits. While Ludwig AI confirms its grammatical correctness, the phrase's frequency is currently low in the provided data, indicating that there may be alternative ways of expressing the concept. The primary contexts of use include News & Media, Science and Formal & Business settings, suggesting its importance in financial discussions. To improve clarity, it's crucial to differentiate compensation from wages and include all relevant benefits when calculating these costs. Alternatives such as "workforce remuneration expenses" and "payroll and benefits expenses" can provide additional context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Workforce remuneration expenses

Focuses on remuneration, highlighting the total cost of compensating the workforce.

Labor compensation expenditure

Emphasizes the expenditure aspect of compensating labor.

Payroll and benefits expenses

Specifically mentions payroll and benefits as components of compensation costs.

Employee wage and benefit costs

Directly refers to wages and benefits, clarifying the elements of compensation.

Staff salary and benefits expenses

Uses 'staff' and 'salary' to specify the type of employees and their pay.

Personnel remuneration outlays

A more formal term emphasizing the financial outlays for personnel compensation.

Total cost of employee wages

Highlights the total cost, specifying wages as the main component.

Cost of employee salaries and benefits

Emphasizes both salaries and benefits as key parts of employee costs.

Employee pay and benefits expenditure

Replaces "compensation cost" with a more descriptive "pay and benefits expenditure".

Human resources compensation expenses

Specifies that these costs fall under human resources management.

FAQs

What does "employee compensation cost" include?

The "employee compensation cost" includes not only salaries and wages but also benefits such as health insurance, retirement plans, paid time off, and other perks. It represents the total expense an employer incurs for employing an individual.

How is "employee compensation cost" different from just salary?

"Employee compensation cost" is broader than just salary. While salary is a direct payment for work, compensation encompasses all the costs associated with an employee, including benefits and payroll taxes. Therefore, salary is a component of "employee compensation cost".

What are some alternatives to "employee compensation cost"?

Alternatives to "employee compensation cost" include "workforce remuneration expenses", "labor compensation expenditure", or simply "payroll and benefits expenses". The choice depends on the specific context and level of formality required.

Why is it important to track "employee compensation cost"?

Tracking "employee compensation cost" is vital for budgeting, financial planning, and cost management. It helps companies understand the true cost of labor, enabling informed decisions about hiring, resource allocation, and pricing strategies. It also impacts profitability and competitiveness.