If you ask the head of most any law firm about the compensation for a given employee, you'll likely hear something like “$15 an hour” or “$50,000 a year.” Of course the dollar figure is correct. But it represents only about 75 to 80 percent of total compensation. The hourly rate or base pay is just the starting point. While many industries track the cost or “burden” of an employee, numerous costs get buried and are not included in the equation. ...READ ABOUT THE HIDDEN COSTSOriginally published October 13, 2014
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