What items does the personnel cost include?

Labor costs (personnel costs) mainly include: total wages of employees, social insurance costs, employee welfare costs, employee education costs, labor protection costs, employee housing costs and other labor costs.

Among them, the total wages of employees are the main component of labor costs. Average labor cost = total labor cost/number of people in the same period

Labor cost ratio = total labor cost/total cost in the same period * 100%

Labor distribution rate = total labor cost/added value in the same period * 100%

Labor cost is also called "labor cost". Refers to all the expenses incurred by an enterprise in putting labor factors into production and operation, including the wages and benefits paid by the enterprise to employees, and is an integral part of the total cost of the enterprise.