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Started By
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Employee salaries represent what % of income at your business?
Posted on 5/7/13 at 11:43 am
Posted on 5/7/13 at 11:43 am
Help please.
I know it varies by industry. But in my 8 physician practice, employee salaries equate to 19.73% of total income. I believe that benchmark to be pretty average, but was hoping others could provide some input. Thanks.
I know it varies by industry. But in my 8 physician practice, employee salaries equate to 19.73% of total income. I believe that benchmark to be pretty average, but was hoping others could provide some input. Thanks.
4
Posted on 5/7/13 at 11:48 am to MSMHater
quote:
But in my 8 physician practice, employee salaries equate to 19.73% of total income.
Do you mean expenses?
Posted on 5/7/13 at 11:52 am to MSMHater
I work in a large academic hospital/trauma center and salaries/benefits typically add up to 35% or more of our expenses...
Posted on 5/7/13 at 11:56 am to MSMHater
10.29% of total income last year. Owner's salary changes that number by quite a bit.
Posted on 5/7/13 at 12:10 pm to Broke
quote:
Do you mean expenses?
No
42% of expenses
Posted on 5/7/13 at 12:50 pm to MSMHater
quote:
I know it varies by industry
Greatly.
quote:In your industry? There is no benchmark for labor expense across numerous industries. Information wouldn't be worth anything.
I believe that benchmark to be pretty average
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