What are the required burden costs for businesses?
Some businesses use information regarding the required burden costs to determine where they will choose to operate. For example, certain costs may vary dramatically from one state to another, which can make different locations more or less attractive as places to conduct business. Other benefits may qualify as burden costs as well.
What is the economic burden of cancer?
The Economic Burden of Cancer. The economic burden of cancer is substantial in all countries and reflects health care spending as well as lost productivity due to morbidity and premature death from cancer. As cancer treatment costs increase, prevention and early detection efforts become more cost-effective, and potentially cost-saving.
What does it mean to be a burden?
If you describe a problem or a responsibility as a burden, you mean that it causes someone a lot of difficulty, worry, or hard work. […] COBUILD Advanced English Dictionary. Copyright © HarperCollins Publishers Economic means concerned with the organization of the money, industry, and trade of a country, region, or society.
How does the burden rate work?
How the Burden Rate Works. The burden rate is made up only of costs above and beyond the employee’s associated base salary or compensation, or those are calculated separately within the unburdened rate and is often considered a hidden cost of maintaining an employee. The burden rate includes additional liabilities associated with employee costs,…