Definition
This is the total monetary value of the costs paid to a practitioner ie Wage and Superannuation.
Formula
Cost of Practitioner = [Total Wage] + [Total Superannuation]
Example
Allie, a practitioner, has worked for one year and the clinic has paid a total of $78,828 in Total Wages and a total of $8,672 in Superannuation. Allie's Cost of Practitioner can be calculated as:
Cost of Practitioner = [78,828] + [8,672] = $87,500
Note: This does not include costs for training, mentoring, Continuing Professional Development (CPD) courses or workshops that are invested into practitioners.