What are the acquisition costs of labor costs?

The acquisition cost of labor costs includes the following aspects:

The acquisition cost of labor costs includes the following aspects:

Recruitment cost: This includes the expenses incurred by job fairs, online recruitment and employment agencies, as well as the salaries and benefits of HR personnel.

Selection cost: when selecting talents, enterprises need to conduct a series of tests and interviews, which will generate related expenses, such as interview time, test fees and evaluation fees.

Recruitment cost: once an enterprise decides to recruit employees, it will generate recruitment costs, such as induction training fees, resettlement fees and resettlement subsidies.

Training cost: After new employees join the company, the company usually carries out a series of training to help them adapt to the working environment and work content more quickly, which will generate training cost.

Incentive cost: In order to attract and retain excellent employees, enterprises usually provide some incentive measures, such as bonuses and stock options. , which will constitute a part of the cost of human procurement.

Other costs: In addition to the above aspects, the cost of manpower acquisition also includes some indirect costs, such as the travel expenses and time costs generated by recruiting and selecting employees.

It should be noted that the labor acquisition cost of different industries and enterprises may be different, so it needs to be adjusted according to the actual situation when calculating.

In addition to the above expenses, there are some other expenses that also belong to the category of manpower acquisition expenses.

Risk cost: When recruiting and selecting employees, enterprises need to conduct background investigation and credit evaluation to ensure that employees' information is true and reliable, which will lead to risk cost. In addition, if employees are found to have false information or other problems after joining the company, the company may also face certain legal risks and liability for compensation, which is also part of the risk cost.

Time cost: enterprises need to invest a lot of time and energy in recruiting and selecting employees, and these time costs are also part of the cost of manpower acquisition. Especially when recruiting high-level or special skills talents, enterprises may need to spend more time and energy on screening and interviewing.

Dismissal cost: If the enterprise finds that the employee is not suitable or can't meet the job requirements, it can choose to dismiss the employee. This will lead to dismissal costs, including dismissal compensation and resettlement costs.

To sum up, the cost of manpower acquisition is a complex concept, which includes all kinds of expenses and inputs. Enterprises need to fully consider these factors in human resource management to ensure the reasonable control and management of human acquisition costs.