THE CALCULATION OF THE WAGE BILL AND PERSONNEL COSTS: BETWEEN THEORY RIGORS AND PRACTICAL REQUIREMENTS Assit. Anca Antoaneta Varzaru PhD Prof. Mihai Varzaru PhD. University of Craiova Faculty of Economics and Business Administration Craiova, Romania Abstract: Social information production refers, in a manner more or less demanding and taking into account its objectives, the financial commitments necessary to management of personnel, ie to track earnings, the wage bill and, in general, the subassembly of costs, visible or hidden, associated with this management. The calculus of wage bill has an important place within social information due to its weight value, of a relatively easy determination and, last but not least, its motivational potential. The study of accumulation recorded, of theory and practice news and wage bill calculation illustrates the new nuances that have contradictory influences on the accuracy and efficacy results, and evidence of rules and principles that prove their worth in this field. Their presentation provides answers to many questions that experts in calculating the wage bill and staff costs did not have appropriate solutions and that affected the percentage of budget and tracking these important indicators of social management cost. JEL classification: M21, M40, M42 Key words: wage bill, hidden costs, social information, personnel expenses Acknowledgements: "This work was supported by CNCSIS–UEFISCSU, project number 861/19.01.2009, PNII – IDEI code 393/2008" 1. INTRODUCTION Important component of efforts that the company undertakes to achieve its objectives, the pay bill is the center of concerns for maintaining economic and social balance, being from this perspective, a strategic variable of leadership. Through the large volume of personnel expenses, management of wage bill ensures proper knowledge of all these expenses, which are pursued by the responsibles of human resources function (because it expresses the results of the remuneration policy), the financial responsibles (because they represent significant financial commitments if not the greatest short-term), the management and budget supervisors (which it considers key control variable costs and performance). This paper presents the main issues that the professionals are facing to calculate the pay bill in the enterprise, especially the indicator of personnel costs. Research methodology is based on a study of recent literature in the field, the use of a set of benchmarks and the remuneration of its costs, the Martory model to structure the costs. 166 ANNALS OF THE UNIVERSITY OF CRAIOVA ECONOMIC SCIENCES Year XXXXI No . 39 2011 ISSN 1223-365X