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True Cost of an Employee
Have you ever wondered what is the true cost of an employee?
It is not as simple as just taking their annual salary as the true cost. Businesses bear costs which can often be overlooked. That is why we provide a calculator, so you can see the true cost of an employee to your business.
This calculator is provided to help you identify whether it could be more cost effective to outsource a position with your business, thereby reducing business costs.
DEVELOPED BY STANBRIDGE ASSOCIATES LIMITED, ACCOUNTANTS
True Annual Cost of Employee :
This is equivalent to an Hourly Rate of:
(The hourly rate figure is based upon 250 working days in the year at 7 hours per day. The number of days holiday and sick leave are also factored into the calculation.)
