6 ms·
Can somebody explain the difference between salary, payroll, and personnel? As far as I can tell, this money goes to employees. However, with a sum of roughly
by guynamedloren 13y ago
Can somebody explain the difference between salary, payroll, and personnel? As far as I can tell, this money goes to employees. However, with a sum of roughly $3.8M, this seems a bit high for 6 employees over 2 years ($270k+/employee/yr), so that can't be right..
- wehadfun 13y agoI didn't understand there cost at all
- qq66 13y agoPayroll = salary + benefits Personnel costs = full-time employees + contractors (iOS development shops, etc.)
- guynamedloren 13y agoWait, so are these 3 costs not summed? I didn't do all the math from funding to net income, so I might have missed something.
- gph 13y agoThat infographic is very confusing and misleading. They lined the numbers up as if they should equal out to the net income at the bottom. They don't. The 2.3 million funding doesn't count towards net income. I'm guessing that number is the subscription revenue - expenses, which it says in the footnote that not all expenses are shown. What everyone else said about Salary/Payroll/Personnel is correct, so I have no idea why it listed all three on the infographic. I'm guessing the author of the article took those numbers from their financial report and didn't have the financial sense to understand what he was doing so he just threw them together in a way that made sense to him, but doesn't actually make sense in reality.
- smackfu 13y agoIt probably made more sense on the P&L statement until it was dumbed down.
- bsimpson 13y agoI was confused by that too. I suspect that they are subsets of one another (e.g. don't sum them because they are largely redundant).
- sitharus 13y agoSalary = paid to the employees Payroll = Salary + benefits and taxes Personel = Payroll + contractors