Question

In: Economics

non-wage labour costs affect the number of workers firms wish to hire.discuss three types of non-wage...

non-wage labour costs affect the number of workers firms wish to hire.discuss three types of non-wage labour costs.

Solutions

Expert Solution

(a) employers expenditure for legally required insurance programmes and private benefit plans (retirement pensions, health insurance , child allowance)
(b) Taxes on payrolls ( taces imposed on employees and employers

(c)cost of providing non-law services to employees such as additional days off work, day-care, transportation or company cantine , free internet facility when doing work from home.


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