When adding an employee's salary contract from the Costs > Salaries menu, OOTI requests the loaded salary factor.
Tip: Refer to the employee's payslip to find this information.
Here are the variables:
X = total amount paid by the employer
Y = gross remuneration of the employee.
The calculation is as follows:
Loaded Salary Factor = X / Y = total amount paid by the employer / gross remuneration of the employee
For example, here:
Loaded Salary Factor = 3691.34 / 2700 = 1.37.
There you have it! 🎉 You now know how to calculate the loaded salary factor.