Words / O / Business

on-cost

noun/ˈɒnkɒst/

C1CEFR level
70/100Rarity: rare
TechnicalRegister

An additional cost incurred on top of a basic wage or expense, such as employer contributions.

The labour rate looked cheap until you loaded the employer on-costs of pension and national insurance.

Similar: overhead

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting