remuneration per employee

remuneration per employee

an accounting ratio which is used to assess the average remuneration of the labour force. It is computed by dividing the total wages and salaries paid to employees for the accounting period by the average number of employees on the payroll during the period.
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As discussed above, workers' compensation policies are rated upon annual remuneration per employee. While accommodation and meal allowances are included, the extra part of pay due to overtime is not.
Workers' Compensation--Six Ways to Reduce Your Premium
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