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Brown Cafe UPS Forum
UPS Discussions
Calculate Hourly Total Compensation
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<blockquote data-quote="zubenelgenubi" data-source="post: 3498816" data-attributes="member: 63706"><p>Let's simplify this a little, if you want a total compensation dollar amount, eliminate everything that doesn't end up in my pocket eventually. It really doesn't matter to me if the company pays for something. If I can't spend the money, it's not compensation, it's a benefit. Social security can sort of be seen as compensation, because it pays out later, but it's really a tax to fund a government program, which is split between the company and employee. Workers comp and unemployment insurance are to minimize employer's costs, and only compensate anyone if they get hurt on the job or lose their job respectively.</p><p></p><p>The question you want answered is what is the company's cost of employment per employee? HR doesn't have a clue, they are supposed to keep the company from getting sued, a job they do poorly since they do nothing to reign in bad managers. You need to ask a finance manager, they should know the numbers backwards and forwards.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 3498816, member: 63706"] Let's simplify this a little, if you want a total compensation dollar amount, eliminate everything that doesn't end up in my pocket eventually. It really doesn't matter to me if the company pays for something. If I can't spend the money, it's not compensation, it's a benefit. Social security can sort of be seen as compensation, because it pays out later, but it's really a tax to fund a government program, which is split between the company and employee. Workers comp and unemployment insurance are to minimize employer's costs, and only compensate anyone if they get hurt on the job or lose their job respectively. The question you want answered is what is the company's cost of employment per employee? HR doesn't have a clue, they are supposed to keep the company from getting sued, a job they do poorly since they do nothing to reign in bad managers. You need to ask a finance manager, they should know the numbers backwards and forwards. [/QUOTE]
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