Employee Cost Calculator
Introducing our Employee Cost Calculator – a powerful tool that helps you determine the true cost of having an employee. As a business owner or manager, it’s crucial to have a clear understanding of the expenses associated with hiring and maintaining staff.
Our calculator takes into account not only the employee’s salary or hourly rate, but also factors in additional expenses such as benefits, taxes, and overhead costs. With this comprehensive view of your employee costs, you’ll be able to make more informed decisions and better manage your company’s finances.
Basic Salary
Annual Salary
Hours worked per week
Hourly rate
National Insurance
13.80%
NI Threshold
£9,096.00
Additional Payments
Annual Bonus / commission
Annual overtime
Other Taxable benefits
Total Additional payments
Total taxable income
Employer's NI contribution
Total Salary Costs
Benefits
Pension (assumed 3%)
Company car
Health insurance
Life insurance
Gym membership
Other
Sub-total
National Insurance contribution (P11D)
Total cost of benefits
Total employer National Insurance contribution
Total payroll cost
Office Costs
Pro-rata share of overheads
Pro-rata share of consumables
Pro-rata share of administrative support
Pro-rata share of other costs
Computer and software licences
Telephones
Training
Entertainment allowance
Total office costs
Other Costs
Maternity / paternity leave
Redundancy
Unfair dismissal
£109.83
Total other costs
Holidays and other leave
Weekdays in a year
260
Holiday entitlement
Bank holidays
8
Jury service
0.1
Time spent in training
Other
Sick leave
4.6
Unproductive time(10 mins per hour)
Productive working days per year
Summary
Productivity ratio
Total employee cost (p.a.)
Actual hours worked per year (assumed 7 hours a day)
Real cost per hour of employee
Ratio of real cost to base salary
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