How to Calculate the Loaded Salary Factor?

In employee salary contracts, you are asked for a loaded salary factor. Here's the definition and how to calculate it.

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.