Employer Employee payment calculation

[EvilWeevil]

one month's pay per year as redundancy.

one week's pay per year, up to a maximum of £330 per week.

[VectraMan]

Remember employer's NI and redundancy as well.

I think you'd need to work out something like (salary * 13%) *14/12.

14/12 because they get to take one month a year off, and one month's pay per year as redundancy. So that's about salary +31%.

Also remember employer's liability insurance, equipment, increased office space requirements, increases in bills etc. etc., and that's without worrying about perks like pensions and health care.

And the other more intangible factor is that after a couple of years you need to keep them employed, even through a downturn, or make them redundant with all that problems and restrictions that entails.

Employees really are the worst thing for any business.

[scooterscot]

Pension - do you really need to offer one?

I guess not, I'm a obviously too generous.

I'd do Salary + 15% to work out the rough cost to you.

So 25k is £28,750

This is actually less than I thought.

I'm at the stage of providing an annual maintenance contract and I was thinking about bringing someone on board to handle the work allowing me to pay attention to other contracts...

[Sockpuppet]

Holidays - depends if you intend to hire a cover for them.

Sick - avg about 5% (large site). Less if you have a 3 days before sick pay policy.

Pension - do you really need to offer one?

I'd do Salary + 15% to work out the rough cost to you.

So 25k is £28,750

[scooterscot]

I've had a search on the site already and not having much luck finding what I'm looking for...

What would be the true cost to me, my company, if I were to hire someone? Is there a way to calculate this so I've covered:

Salary
Taxes
Pension
Sick pay
Holiday pay

Depending on the skills I'm able to acquire I'd be looking at paying a salary of between the 25K - 40K bracket. What would be the true cost to me though?