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Hey! Calculating employee costs is vital as it allows organizations to manage their budget effectively, make informed decisions about hiring and compensation, assess employee value and performance, and promote financial transparency and accountability, leading to overall stability and growth.
I recommend you to pay attention to this article https://beebole.com/blog/how-to-calculate-the-real-cost-of-an-employee/ which will help you to learn how to calculate the cost of employees in your company correctly and efficiently. I hope my answer will help you!