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  2. Direct labor cost - Wikipedia

    en.wikipedia.org/wiki/Direct_labor_cost

    Direct labor cost. Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line.

  3. Timesheet - Wikipedia

    en.wikipedia.org/wiki/Timesheet

    Timesheet. A timesheet (or time sheet) is a method for recording the amount of a worker's time spent on each job. Traditionally a sheet of paper with the data arranged in tabular format, a timesheet is now often a digital document or spreadsheet. The time cards stamped by time clocks can serve as a timesheet or provide the data to fill one.

  4. How to Calculate Year-End Bonuses for SMB Employees - AOL

    www.aol.com/calculate-end-bonuses-smb-employees...

    For example, if your employee made $20,000 in sales and your company offers a 5% commission, here’s how to calculate their bonus: $20,000 x 0.05 = $1,000. Performance bonus

  5. Labor burden - Wikipedia

    en.wikipedia.org/wiki/Labor_burden

    Labor burden. Labor burden is the actual cost of a company to have an employee, aside from the salary the employee earns. Labor burden costs include benefits that a company must, or chooses to, pay for employees included on their payroll. These costs include but are not limited to payroll taxes, pension costs, health insurance, dental insurance ...

  6. Full-time equivalent - Wikipedia

    en.wikipedia.org/wiki/Full-time_equivalent

    Full-time equivalent. Full-time equivalent (FTE), or whole time equivalent (WTE), is a unit of measurement that indicates the workload of an employed person (or student) in a way that makes workloads or class loads comparable across various contexts. [1] FTE is often used to measure a worker's or student's involvement in a project, or to track ...

  7. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. [1] Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously ...

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