Payroll Cost & Labor Spend Intelligence

Meridian Industrial Group • Pay Period Oct 1–15, 2024 • 1,842 Employees

Labor Cost %
31.4%
+2.3pp vs Q1
Gross Payroll
$2.47M
+4.1% vs PP-1
OT Ratio
8.7%
Policy: 7.5%
Off-Cycle Runs
2
Last 30 days
Avg Cost/Payee
$1,341
-1.2% vs PP-1
Employer Tax
$189K
This period

Labor Cost % of Revenue vs. Gross Payroll — 12 Pay Periods

Department Payroll Budget Variance

Overtime Ratio by Department

Payroll by Employment Type

Benefits Load by Type

Net Hire Impact (90d)

Department Payroll Detail — Current Period

Department Headcount Gross Pay OT Pay OT % Budget Var
Engineering 412 $687,400 $77,000 11.2% +6.8%
Operations 548 $623,200 $61,100 9.8% +4.2%
Logistics 327 $381,900 $30,900 8.1% -1.1%
Sales 239 $412,300 $19,400 4.7% -0.8%
Finance 112 $187,600 $5,800 3.1% -2.3%
HR 68 $94,200 $2,300 2.4% -1.7%
IT 136 $83,400 $4,100 4.9% -0.4%

Off-Cycle Payroll Run Frequency — 12 Months

Employer Payroll Tax Liability — 12 Pay Periods

Payroll Processing Accuracy Rate — 24 Pay Periods

Deferred Comp & Equity Vesting Liability

Average Cost per Payee — 12 Pay Periods