Employee Costing

Employee Costing

This form will work out the true annual costs of a permanent employee (in the UK). Just edit the numbers already in the cells. The blank cells are automatically calculated when you press the buttons, values entered in these will be overwritten. Note that the lower buttons re-run the upper calculations as well but not vice versa.

Of course every business has different costs but the starting figures I think are a reasonable starting value. Needless to say, if you want accurate costings you must be honest over sick days, useful time, etc. Also it is more likely that this is just a short term need so you could adjust the useful figure to reflect that fact.

Emoluments    
Permanent Salary £ Salary
+ Company NI £ Rate is %. NI annual Earnings Threshold is £
+ Pension £ Rate is %. Company contributions only
 
 
Total wage cost
 
Overheads
   
Software £ Annual maintenance, upgrades, depreciation
PC £ PC depreciation
Support £ Support personnel (IT, Cleaning, Security, etc.)
Building £ Cost of heating, lighting and building
 
 
Total cost (salary + overheads)

Time
   
Holiday Annual holiday entitlement
Sick Leave Typical sick leave per year
Training Training, trade shows, etc., days per year
Useful %. Working time, excluding gaps between projects, PC crashes, etc.
Hrs/day Working hours per day
 
 
Useful days per year (52 x 5, less 11 bank holidays, less above)

Equivalent Rate
   
  Per day
Per hour
   


 

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