Define: Fringe Cost
Fringe Cost means payroll expenses, including non-productive time, direct benefits, profit sharing costs, and [organization]-paid taxes
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Fringe Cost means payroll expenses, including non-productive time, direct benefits, profit sharing costs, and [organization]-paid taxes.
Relevant Circumstances
- Businesses seeking to calculate the total cost of human resources.
- Organizations determining the overall cost of a project.
- Firms wanting to evaluate the financial impact of benefits and non-productive time.
- Businesses in the process of payroll budgeting and planning.
Relevant Sectors
- Human Resource Sector
- Professional Service Sector
- Manufacturing Sector
- Non-profit Sector