Step 1: Salary- The first and the most basic item is salary or paycheck that the company isrequired to pay to the employees after making a few deductions for taxes and retirement plans aswell. These paychecks will include the basic salary along with incentives and any other specialcompensation.Step 2: Hiring Cost- The company has to go through a process in order to hire an individual forthe job, and this will incur several expenses like refreshments, time of the person interviewingetc.Step 3: Training Cost- The employees that are hired by companies need some on the job trainingbefore they actually start doing their work, and during this period the employees are not veryproductive so as to make profits for the company, in most cases.Step 4: Paid leaves- The companies are also required to provide certain numbers of paid leavesduring a year in which the employees can be on leave without any deduction in their salary.
