Labor & Related Expenses (SF.IS.LaborRelatedExp_Banks)
Labor & Related Expenses (SF.IS.LaborRelatedExp_Banks) refers to expenses paid to employees of a bank in the form of salaries, wages, fees, benefits or in any other form of compensation.
Labor & Related Expenses (SF.IS.LaborRelatedExp_Banks) includes:
- Payroll/Salary/Benefits/,
- Directors’ fees, compensation to officers,
- Bonus/stock-based compensation to employees, P
- ension benefits and post-retirement benefits
- Profit sharing, stock option costs,
- Retirement payment expenses,
- Severance costs in the usual course of business,
- Commissions to sales staff, Contracted labor expenses,
- ESOP contribution,
- Payroll taxes and social security levies
Labor & Related Expense (SF.IS.LaborRelatedExp_Banks) does not include:
- Expenses paid to auditors and outsourced consultants (classified as Other Expense (SF.IS.OtherExp))
- Non-recurring/one-off/unusual severance payment expenses (classified as Restructuring Charges (SF.IS.RestructuringCharge_Banks))
- Amortization of deferred compensation to employees and deferred stock-based compensation (classified as Other Expense (SF.IS.OtherExp))