Month: September 2024

Job cost costing helps businesses track and allocate expenses to specific jobs or projects.

Cost of pay includes wages, bonuses, benefits, and related taxes paid to employees for their work.

Cost per job refers to the expenses associated with recruiting, hiring, and training a new employee.

Salary calculation involves base pay, allowances, and deductions for taxes and employee benefits.

An HR plan helps businesses manage talent, improve employee engagement, and drive overall growth.

HR benefits employees by managing their compensation, resolving conflicts, and providing support during their careers.

The seven steps in human resource planning include analyzing workforce needs, recruitment, and employee development.

HR policies offer a structured approach to managing employee relations, benefits, and workplace disputes.

Employees value benefits such as health insurance, retirement savings, and flexible working arrangements.

HR plays five key roles: talent management, employee relations, compliance, compensation, and training.