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Is "Basic employment cost" the same as "Gross salary"?

Posted 28 January 2014

What is basic employment cost and is it synonymous with gross salary?

TaxTim TaxTim says:
28 January 2014 at 10:17

It would depend on the employer and what they are offering, can you give me an example of what you are referring to specifically?

Quakes says:
28 January 2014 at 10:22

In the contract they state that the Basic Employment Cost is R27054.00. After which they outline the pension contribution rate and medical aid, but they do not mention the Basic Salary.

TaxTim TaxTim says:
28 January 2014 at 11:06

Your basic salary in this case is often the amount before "benefits" such as medical and retirement which becomes your gross salary.

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