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Quantitative Finance · Glossary

What is Staff costs, average headcount?

Also known as: staff costs · average headcount

Definition 11.4 The Industry: Firms, Roles and Careers · Chapter 11 — Reading a Trading Firm’s Accounts

Staff costs are the costs of all persons employed by the entity during the year, broken down into wages and salaries, social security costs, and other pension costs. Average headcount is the average number of persons employed under contracts of service during the year: the sum over the year’s months of the number employed in each month, divided by the number of months.

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