Personnel expenses

Personnel expenses is a term used in business accounting and finance. It refers to all costs associated with the employment of staff in a company. Personnel expenses include all direct and indirect costs associated with hiring, paying, managing and supporting employees.

Some components of personnel expenses are wages and salaries, social benefits, fringe benefits and personnel administration costs.

Personnel expense is an important metric for organizations as it can represent a significant portion of total costs and impact the financial performance and profitability of the organization. Therefore, the accurate recording and management of personnel expenses is crucial for effective operational planning and control. Our QVANTUM platform provides the appropriate tools for managing personnel expenses.

Personnel costs

Personnel measures